The Legal Ability to Enter into a Contract Includes Which

question 13

Multiple Choice

The legal ability to enter into a contract includes which of the following?

• A)Being of sound mind
• B)Being of legal age
• C)All of the above
• D)None of the above

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Definitions:

Equality

The condition of having equal status, rights, and chances.

Economy

The system by which goods and services are produced, distributed, and consumed in a society or geographic area.

Goods And Services

Goods and services constitute the output of an economy, where goods are tangible products and services are intangible activities that provide value to consumers.

Scarcity

The limited nature of society’s resources.