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Alexxx [7]
3 years ago
7

Will and kendrick live in a state that requires that contracts involving transactions over $500 be in writing. if they enter a v

erbal agreement to buy a car for $1,500, this contract is
Business
1 answer:
yanalaym [24]3 years ago
3 0
The type of contract that Will and Kendrick have is an unenforceable contract. Since the law states all transactions over $500 must be in writing, this voids any agreement that they have made. So, if the car is not bought, there is nothing a court of law can do. 
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Answer:

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This mean that the company can raise financing for this ammount without changing their capital structure (60% equity 40% debt)

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