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    Essentials of Entrepreneurship Study Set 2
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    Exam 7: Buying an Existing Business
  5. Question
    A Letter of Intent Is a Nonbinding Document Stating That
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A Letter of Intent Is a Nonbinding Document Stating That

Question 9

Question 9

True/False

A letter of intent is a nonbinding document stating that a business buyer and a seller have reached a sufficient "meeting of the minds" to justify the time and the expense of negotiating a final agreement.

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