Which of the Following Elements Are Required to Create an 'Apparent

question 2

Multiple Choice

Which of the following elements are required to create an 'apparent' simple contract?

• A)intention,agreement and consideration.
• B)intention,agreement and capacity.
• C)capacity,legality and intention.
• D)intention,consideration and genuine consent.
• E)agreement,genuine consent and capacity.

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Definitions:

Interest Rate

The expense allocated by a creditor to a debtor for the opportunity to use capital, quantified as a proportion of the principal.

Government Budget

The financial plan of a government for a defined period, usually a year, detailing its projected revenues and expenditures.

Investment Tax Credit

A tax incentive that allows businesses to deduct a certain percentage of their investment in certain assets from their tax liability.

Deficit to Surplus

The process of turning a budget deficit into a surplus by increasing revenues, decreasing expenditures, or a combination of both.