The Basic Elements of a Contract Include Agreement, Lawful Subject

question 397

Multiple Choice

The basic elements of a contract include agreement, lawful subject matter, and:

• A) offer, consideration, and legal capacity
• B) consideration, legal capacity, and remedies
• C) consideration, legal capacity, and performance
• D) consideration, legal capacity, and genuine consent
• E) offer, acceptance, and legal capacity

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Definitions:

MRP

Stands for Materials Requirement Planning, a system used to manage manufacturing processes by calculating materials, components, and schedule needed for production.

MRP

Material Requirements Planning is a method used to determine the materials and parts required for product production.

Work Centre

A specific location where particular tasks or operations are carried out within a manufacturing process or factory.