A contract that is established by the conduct of a party rather than by the party's written or spoken words is an implied contract

Indicate whether the statement is true or false

TRUE

Business

You might also like to view...

Kelly Financial Services, Inc invested $27,000 to acquire 3,750 shares of Mitt Investments, Inc on March 15, 2013

This investment represents less than 20% of the investee's voting stock. On May 7, 2017, Kelly Financial Services, Inc sells 2,250 shares for $15,250. In the accounting equation on May 7, 2017, ________. A) total assets will remain unchanged B) total assets will decrease C) total liabilities will decrease D) total equity will decrease

Business

Which of the following relationships BEST describes a general agency?

A. A broker working for a buyer B. A broker working for a seller C. A broker working for an owner as a property manager D. A broker working for both a buyer and a seller in the same real estate transaction

Business