Which of the Following Is Not a Required Element for a Legally

question 32

Multiple Choice

Which of the following is not a required element for a legally enforceable contract?

• A) legal offer
• B) legal acceptance
• C) fair bargain
• D) genuine assent

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Definitions:

Transportation Costs

Expenses incurred in moving goods from one location to another, including shipping, freight, and delivery fees.

Financial Accounting

The field of accounting focused on the preparation of financial statements for external users, such as investors and creditors.

Managerial Accounting

The field of accounting that focuses on providing information and analysis to managers within organizations to enable informed business decision-making.

Internal Users

Individuals or groups within an organization who use financial and other information to guide decision-making processes, such as management and employees.