Which of the Following Is a Necessary Condition for a Contract

question 58

Multiple Choice

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

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

---

Definitions:

Randomness Error

An error that occurs when there is no discernible pattern or cause in the mistake or variability.

Intuition

An unconscious process of making decisions based on imagination and possibilities.

Intuition

A process of understanding or knowing something immediately, based on a person's feelings rather than facts or evidence.

Anchoring

A cognitive bias where an individual relies too heavily on an initial piece of information (the "anchor") when making decisions.