The Term ________ Refers to the Legal, Tangible Evidence of Ownership

question 31

Multiple Choice

The term ________ refers to the legal, tangible evidence of ownership of goods.

• A) tenure
• B) title
• C) possession
• D) pledge

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Definitions:

Consideration

The value, usually in the form of money, goods, or services, exchanged in a contract between parties.

Contractual Capacity

The legal ability of a party to enter into a contract, including being of legal age and possessing a sound mind.

Binding Contract

An agreement between two or more parties that is legally enforceable.

Preprinted Terms

Agreements or forms that have standard conditions and text already printed on them before they are used, requiring only specific details to be added.