To Create an Enforceable Contract,which of the Following Is(are)needed

question 68

Multiple Choice

To create an enforceable contract,which of the following is(are) needed?

• A) agreement
• B) agreement and consideration
• C) agreement,consideration,and contractual capacity
• D) agreement,consideration,contractual capacity,and a lawful objective

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Definitions:

Total Compensation

The complete pay package for employees, including base salary, bonuses, benefits, and any form of long-term incentives or rewards.

Labour Market

The supply and demand dynamics of available work and workers within an economy, often influenced by factors such as skills, wages, and employment laws.

Collective Bargaining

The process through which employers and labor unions negotiate contracts that determine conditions of employment, including wages, hours, and workplace policies.

Public Sector

The portion of the economy composed of government services and public enterprises.