Chapter 8 Outline Renner johnson

Budgeting and Planning

  • Contracts are used to ensure that everything is agreed
  • If a contract is binding that means that everyone who enters the contract abides to the terms
  • A contract has legal agreement when a valid offer is made and accepted
  • To be legally enforceable, a contract must have lawful purpose
  • Statute of frauds prevents harm due to fraudulent conduct


  • Use a database to organize your data for easy retrieval
  • Set up a paper filing system to help stay organized
  • Finance managers are responsible for making sure a business or client has money when they need it
  • Having someone helping with your finances is a good idea


Created with images by Rachealmarie - "tile pattern design" • edar - "business signature contract" • TBIT - "dollar bank note money"

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