One of the Requirements of a Valid Contract Is an Adequate

question 16

True/False

One of the requirements of a valid contract is an adequate market for the deal's goods or services.

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Definitions:

Published Decision

An official decision of a court that is recorded and made available to the public, often setting a precedent.

Binding Precedent

A previous legal decision or judgment that must be followed by courts in future cases of a similar nature within the same jurisdiction.

Commercial Database

A structured collection of data or information, often used by businesses, that is maintained to provide support for decision-making or research.

Binding Authority

legal precedents or statutes that must be followed by lower courts within the same jurisdiction.