Which of the Following Is NOT Always Necessary in Order

question 44

Multiple Choice

Which of the following is NOT always necessary in order for a valid contract to be formed?

• A) Mutual assent.
• B) Legality of purpose.
• C) A writing.
• D) Competent parties.

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Definitions:

Means-tested Income Transfers

Financial transfers or benefits given to individuals or families whose income falls below a certain level, aimed at reducing poverty and income inequality.

Transfer Recipients

Individuals or entities that receive benefits or payments from government programs without providing goods or services in return.

Samaritan's Dilemma

A dilemma faced by a benefactor who must decide the extent of assistance to a beneficiary, knowing that too much help can lead to dependency.

Transfer Programs

Government initiatives designed to redistribute income through mechanisms like subsidies, grants, or social assistance to support various segments of the population.