Which of the Following Statements About Contract Law Is TRUE

question 9

Multiple Choice

Which of the following statements about contract law is TRUE?

• A)Anyone can make a contract.
• B)A person can make a contract to do anything.
• C)Every agreement is a contract.
• D)Standard form contracts are regularly used by businesses and consumers.
• E)All of the above.

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Definitions:

Commercial Project

A project that is undertaken by a business or a company aiming to generate profit or revenue. It can include anything from launching a new product to constructing commercial real estate.

Skunkworks

An informal project team established to develop an innovative product or process, often with autonomy from an organization's regular research and development procedures.

Angel Investment

Funding provided by affluent individuals to startups at early stages in exchange for equity or ownership stake.