Which of the Following Is Required of a Contract for It

question 15

Multiple Choice

Which of the following is required of a contract for it to be considered an express contract?

• A) It must be either oral or written.
• B) It must be implied-in-law.
• C) It must be voidable.
• D) It must always be in writing to be enforceable.

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Definitions:

Product Attributes

Characteristics or features of a product that can include quality, size, functionality, and design.

Supply Chain Profitability

The overall financial gain generated through the management and coordination of the supply chain, encompassing all stages from material sourcing to product delivery to the end customer.

Spot Market

A public financial market in which commodities or financial instruments are traded for immediate delivery.

Demand

The quantity of a product or service that consumers are willing and able to buy at a given price.