Which of the Following Is a Necessary Condition for a Contract

question 1

Multiple Choice

Which of the following is a necessary condition for a contract to be considered valid?

• A) It can be voided by both parties.
• B) It can be voided by one of the parties.
• C) It is enforceable by both the parties.
• D) It is enforceable by at least one of the parties.

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Definitions:

Altruistically Motivated

Being driven to act out of a desire to help others without expecting any personal gain, showcasing selfless behavior towards the welfare of others.

Audience Inhibition

Failure to help in front of others for fear of feeling like a fool if one’s offer of help is rejected

Egoistic Motives

Actions driven by self-interest, focusing on benefits or outcomes that primarily serve the individual's own needs or desires.

Diffusion of Responsibility

A phenomenon in which individuals in a group are less likely to take responsibility for action or inaction when others are present.