Author Question: Identify and explain at least four situations where a written contract is either necessary or ... (Read 64 times)

V@ndy87 · **on:** Jun 24, 2018

Identify and explain at least four situations where a written contract is either necessary or recommended.

Question 2

To use the concept of impossibility of performance as an excuse for nonperformance of a contract requires that the performance be objectively impossible.
Indicate whether the statement is true or false

kjo;oj · **Reply #1 on:** Jun 24, 2018

Answer to Question 1

There are times when you should definitely sign a written agreement:

a. The Statute of Frauds requires it.
b. The deal is crucial to your life or the life of your business.
c. The terms are complex.
d. You do not have an ongoing relationship with the other party.

Answer to Question 2

TRUE