Which of the Following Statements About Simple Contracts Is Correct

question 3

Multiple Choice

Which of the following statements about simple contracts is correct?

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

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Definitions:

Exclusive Range

A range in mathematics and statistics that includes the start point and the end point, but not the extremes themselves.

Inclusive Range

A statistical measure describing the spread of a set of data points or values, including both the highest and lowest values.

Research Articles

Scholarly papers that present original findings or insights into specific areas of inquiry.

Deviations

Differences between observed values and some reference value, often the mean of the dataset, indicating the spread of the data.