Which of the Following Is Correct with Regard to a Contract

question 62

Multiple Choice

Which of the following is correct with regard to a contract?

• A) All contracts must be in writing.
• B) A person who deposits money in a bank account has entered into a contract with the bank.
• C) A contract may be for a tortious purpose.
• D) To be valid,a contract must be bilateral and cannot be unilateral.

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Definitions:

Strategic Planning

Involves the process of defining an organization’s direction, making decisions on allocating resources, and formulating plans to achieve long-term goals.

Shared Common Values

Shared common values are fundamental beliefs or principles that are accepted and held in common by a group, leading to a unified organizational culture.

Organizational Culture

The shared values, beliefs, norms, and practices that shape the social and psychological environment of a business or organization.

Organizational Culture

The shared values, beliefs, and practices that shape the social and psychological environment of an organization.