Which One of the Following Is Not an Element of a Valid

question 37

Multiple Choice

Which one of the following is not an element of a valid sales contract?

• A) offer and acceptance
• B) subject matter
• C) witnesses
• D) consideration or price

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Definitions:

Turnover

The rate at which a company's inventory or assets are replaced or sold within a specific period.

ROI

Return on Investment; a performance measure used to evaluate the efficiency or profitability of an investment or compare the efficiency of multiple investments.

Combined Turnover

The sum total of sales or revenues generated by different segments, departments, or subsidiaries of a company within a specified period.

Investment Opportunity

An option available to individuals or companies to invest capital with the expectation of generating a return.