Which Two of the Following Are Necessary for a Valid

question 15

Multiple Choice

Which two of the following are necessary for a valid contract? I.A description of the scope of work.
II.An offer.
III.Legal subject matter and purpose.
IV.A counteroffer.

• A)I and II.
• B)I and III.
• C)I and IV.
• D)II and III.
• E)II and IV.

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Definitions:

Commercial Reasonableness

Reasonable commercial standards of fair dealing, required of merchants in addition to honesty in fact.

Fair Dealing

A legal doctrine that allows for limited use of copyrighted material without permission from the copyright holder, typically for purposes of criticism, review, or education.

Uniform Commercial Code

An extensive collection of regulations that oversee every commercial activity in the United States, designed to unify laws throughout the states.

Impracticable

A situation or condition that is impossible to put into practice or achieve due to current circumstances or limitations.