Which of the Following Statements Is FALSE with Respect to Contracts

question 6

Multiple Choice

Which of the following statements is FALSE with respect to contracts?

• A)The parties to a valid contract must have the legal capacity to contract
• B)Each party to the contract must offer consideration
• C)The purpose of the contract must not be for an illegal object
• D)Each party to the contract must have a serious intention to create a contract
• E)All of the above

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Definitions:

US Exporters

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Chinese Yuan

The official currency of the People's Republic of China, also known as Renminbi.

US Dollars

The official currency of the United States, widely used as a standard and reserve currency worldwide.

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