The Elements of a Contract Are

question 240

Multiple Choice

The elements of a contract are

• A) consideration.
• B) an offer.
• C) acceptance.
• D) that both parties are competent.
• E) all of the above.

---

Definitions:

Perceptual Skills

The ability to see, hear, or become aware of something through the senses, including the interpretation of sensory information to understand the environment.

Developmental Psychologist

A specialist in psychology who studies the growth and development of the human mind and behavior across the lifespan.

Basic Research

Refers to study aimed at gaining a more comprehensive understanding of fundamental aspects and principles.

Hindsight Bias

The tendency to believe, after an event has occurred, that one would have predicted or expected the outcome, often referred to as the "I-knew-it-all-along" phenomenon.