Which of the Following Statements About Simple Contracts Is Correct

question 12

Multiple Choice

Which of the following statements about simple contracts is correct?

• A)They have a maximum duration of 12 years.
• B)They can take any form and must include consideration.
• C)They can take any form and do not require consideration.
• D)They must be written.

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Definitions:

Gettysburg, Pennsylvania

A town in the United States known for the pivotal battle of the Civil War fought there in 1863, which marked a turning point in the conflict.

Emancipation Proclamation

An executive order issued by President Abraham Lincoln on January 1, 1863, declaring the freedom of all slaves in Confederate-held territory.

Lincoln's Thinking

Refers to the ideas, beliefs, and thought processes of Abraham Lincoln, the 16th president of the United States, particularly in regards to issues like slavery, nationhood, and democracy.

Postwar Policy

Policies and strategies implemented by a country or organization following the end of a major conflict, aimed at recovery, reconstruction, and addressing the underlying issues that led to the war.