What Do We Mean When We Say That a Contract

question 7

Multiple Choice

What do we mean when we say that a contract must have a legal purpose?

• A)It must not be for the performance of an activity prohibited by law.
• B)It must not be signed when one or both the parties are intoxicated.
• C)It must be in written format so that it is easier to understand and so that it stands as proof.
• D)It must not be done for minor or petty agreements.
• E)It must only be for situations where monetary incentives are concerned.

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Definitions:

User Defined Input

A setting or value entered into a system by the user to customize operations or outcomes.

Pre-determined Speed

The speed set for a machine or device, decided before it is operated.

Rated Speed

Rated speed is the speed at which an electric motor or machine is designed to operate under a specific load to achieve optimum performance.

VFD Technology

Variable Frequency Drive technology, enabling control of the speed and torque of electric motors by varying the input frequency and voltage.