I'm not completely sure, but I would say true. In court, it would be their word against the other person's word, and nothing could be legally done to enforce the verbal contract. Only written and signed contracts can be enforced legally.
I hope this answer helped you! If you have any further questions or concerns, feel free to ask! :)
Answer:
is this a question?
if its true or false its false
Answer:
-$306.15 and rejected
Explanation:
Year Cash flows Discount factor Present value
at 12%
0 $-119,000 1 $-119,000 (A)
1 $52,800 0.8928571429 $47142.86
2 $60,200 0.7971938776 $47,991.07
3 $33,100 0.7117802478 $23559.93
Sum $118,693.85 (B)
Net present value -$306.15 (A - B)
Alexander Maconochie initiated the concept of Good time.
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