For Two Parties to Enter into an Agreement, or Contract

question 15

Multiple Choice

For two parties to enter into an agreement, or contract, both must be capable of understanding the terms and conditions. This is referred to as ____.

• A) consideration
• B) agreement
• C) expressed contract
• D) contractual capacity
• E) implied contract

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Definitions:

Subject Area

A specific field of study or knowledge, often forming the basis of academic or professional specialization.

Aptitude Test

A test designed to predict a person’s ability in a particular area or line of work.

Genetics and Environment

Genetics and environment refer to the interplay between an individual's DNA and their surroundings, collectively influencing their physical and psychological development.

Development of Intelligence

The process by which intellectual capabilities grow and change throughout life, influenced by genetics, environment, and education.