The Agreement Element of a Contract States That

question 77

Multiple Choice

The agreement 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:

Class Action

A class action is a lawsuit filed by one or more plaintiffs on behalf of a larger group of people who are similarly affected, to address issues common to the entire class.

Physical Presence

The actual, bodily existence of a person or entity in a specific location at a given time.

Internet Sales

Refers to the process of buying and selling goods or services using the internet as the main medium of commerce.

State Taxes

Taxes imposed by individual U.S. states on income, property, sales, or other activities within their jurisdiction.