It is usually advisable to put a contract in writing if the transaction is important, complicated, involves a large amount of money, or will extend over a long period of time.
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Q5: A transaction that is neither oral nor
Q6: An express contract must be in writing
Q7: An executed contract is one in which
Q8: All contracts are agreements, but not all
Q9: A divisible contract is made up of
Q11: A contract must show mutual agreement, which
Q12: Proper form is the requirement that the
Q13: A simple contract is defined as an
Q14: One reason for creating a contract is
Q15: A contract may be extended and revised
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