In Addition to the Four Basic Requirements of a Contract

question 14

Multiple Choice

In addition to the four basic requirements of a contract, which of the following must also occur in order to have a valid contract?

• A) The agreement must always be in writing.
• B) All terms of the agreement must be clearly indicated.
• C) There must be an absence of invalidating conduct.
• D) A legal remedy must be available for there to be a breach.

---

Definitions:

Economic Liberty

The freedom for individuals and businesses to operate and compete in a market with minimal government interference.

Economic Equality

A state within a society where individuals have equal access to wealth, opportunities, and resources, minimizing disparities.

Age Of 65

Often considered the traditional retirement age in many countries, representing a milestone when individuals may qualify for senior citizen benefits and pensions.

Under The Age Of 18

Referring to individuals who are not yet 18 years old, often considered minors under the law.