Which of the Following Is a Characteristic of a Valid

question 33

Multiple Choice

Which of the following is a characteristic of a valid contract?

• A) A valid contract cannot contain promises.
• B) The parties must have the contract's terms approved by the appropriate court for it to be valid.
• C) A court will enforce a contract if a party does not voluntarily perform.
• D) There need not be mutual assent by all the parties involved in a contract.

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Definitions:

Growth Strategy

A plan of action designed to increase the size and scope of a business, often involving expansion into new markets or increasing market share.

Ideal Size

The optimal dimensions or scale of an object, organization, or system to achieve maximum efficiency or performance.

Corporate Strategy

A comprehensive plan that outlines an organization's overall direction, goals, and approaches to achieve long-term success.

International

Pertaining to relationships between or involving two or more countries.