The Three Elements Needed to Create Most Contracts Are Best

question 62

Multiple Choice

The three elements needed to create most contracts are best described as

• A) offer and acceptance, an invitation to treat, and communication of the offer.
• B) an intention to create legal relations, an exchange of value, and consideration.
• C) offer and acceptance, consideration, and a written agreement.
• D) an intention to create legal relations, offer and acceptance, and consideration.
• E) quid pro quo, volenti non fit injuria, and consensus ad idem.

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Definitions:

Extended Coverage

An insurance policy provision that expands the benefits or areas covered beyond the standard policy, offering wider protection.

Health Care Procedures

Medical actions taken to diagnose, treat, or prevent illness, including surgeries, tests, medications, and other interventions.

Institutional Review Boards

Committees that review and monitor research involving human participants to ensure ethical standards are met.