The Elements for a Valid Contract Do NOT Include

question 38

Multiple Choice

The elements for a valid contract do NOT include:

• A) a fair price.
• B) capacity.
• C) consideration.
• D) assent.

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Definitions:

Stock Purchase

The act of acquiring ownership shares in a company, representing a partial ownership stake.

Written Document

refers to any expression of thoughts, ideas, or information that is recorded on a tangible medium, and can include electronic formats.

Formal Accusation

An official charge made against a person or entity, typically involving the commencement of legal proceedings.

Criminal Law

The body of law that relates to crime, prescribing conduct perceived as threatening, harmful, or otherwise endangering to the property, health, safety, and moral welfare of people.