Written contracts are more common for transactions that take place over a long period of time than they are for transactions that are instantaneous because as time passes
A) buyers and sellers tend to forget what they agreed upon.
B) conditions may change giving one party an incentive to renege.
C) the object to be bought or sold loses value.
D) laws involving contract enforcement become more stringent.
Correct Answer:
Verified
Q84: The lemons model predicts that the market
Q85: The lemons model is used to analyze
A)the
Q86: Two types of existing houses are for
Q87: Two types of existing houses are for
Q88: Consumers know that some fraction X of
Q90: Two types of existing houses are for
Q91: J.R.'s business requires a steady supply of
Q92: In the market for used cars,the lemons
Q93: The major prediction of the lemons model
Q94: Consumers know that some fraction X of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents