All of the Following Are Key Elements of an Enforceable

question 16

Short Answer

All of the following are key elements of an enforceable contract except:
• the offer
• consideration
• the RFP
• the acceptance

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Definitions:

Conglomerate Merger

A merger between firms that operate in entirely different industries, often aimed at diversification and risk reduction.

Trust

A legal arrangement where one party holds assets on behalf of another, or confidence in the reliability and integrity of a person or entity.

Interstate Commerce Commission

A regulatory agency in the United States established to oversee railroad operations and later expanded to oversee other modes of transportation.

Deregulation

The process of removing or reducing state regulations, typically in the economic sphere to encourage more competition within the industry.