Which of the Following Is Not an Example of a Contract

question 36

Multiple Choice

Which of the following is not an example of a contract?

• A)The lease of a car.
• B)The hiring of a worker.t
• C)The purchase of food from a supermarket.
• D)The payment of a fine.

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Definitions:

Sale of Real Estate

This term refers to the process of transferring ownership of property or land from one party to another.

Statute of Frauds

A legal concept that requires certain types of contracts to be in writing and signed by the parties involved to be enforceable.

Purchase Price

The amount of money paid or agreed to be paid by the purchaser to the seller for acquiring goods, assets, or services.

Collateral

Property or assets that a borrower offers to a lender to secure a loan.