A Binding Contract Requires

question 1

Multiple Choice

A binding contract requires:

• A) Capacity, offer, acceptance, consideration, agreement, legality
• B) Capacity, offer, acceptance, money, agreement, legality
• C) Offer, acceptance, consideration, written agreement
• D) Specifications and payment terms

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Definitions:

American Federalism

A form of governance where authority is shared between the central (federal) government and several state governments.

Federal Government Power

The authority held by the federal or national government, as distinguished from state or local governments.

1930s

The decade ranging from the year 1930 to 1939, significant for its economic depression globally known as the Great Depression.

McCulloch v. Maryland

A landmark U.S. Supreme Court decision in 1819 that established the principles of national supremacy and implied powers of the federal government.