The Capacity Element of a Contract States That ______

question 101

Multiple Choice

The capacity element of a contract states that ______.

• A) a contract must be intended to accomplish a legal purpose
• B) a contract must include a legitimate offer and a legitimate acceptance
• C) something of value must be exchanged between the two parties
• D) the parties entering into a contract must have the capacity to do so

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Definitions:

Secular Nature

implies a non-religious or worldly character, focusing on affairs not related to the church or spiritual matters.

American Society

The complex social structure of the United States, characterized by diverse cultures, political opinions, and social norms.

Economic Failure

A situation where an economy fails to meet its expected goals or outcomes, leading to negative impacts such as recession, high unemployment, or significant financial losses.

Anti-Chinese Sentiment

Prejudice, hostility, or racism directed against people of Chinese origin or descent, often manifesting in social, political, and economic contexts.