Which of the Following Is True with Regard to Contracts

question 52

Multiple Choice

Which of the following is true with regard to contracts?

• A) A contract is an agreement that has no scope for bargaining.
• B) In a contract both parties seek assurances.
• C) Contracts are rarely entered into to induce reliance.
• D) Contracts do not cover promises to take particular actions in the future.

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Definitions:

Team Environments

Workplaces or situations where individuals work collaboratively in groups or teams towards common goals or projects.

Internal Customers

Employees or departments within an organization that receive services or products from other parts of the organization, treating them as if they are external customers.

Informing

The act of sharing information or knowledge with others through various means to educate or update them on specific topics or events.

Persuading

The process of convincing others to change their attitudes, beliefs, or behaviors through argument, appeal, or discussion.