Which of the Following Conditions Is NOT an Essential Requirement

question 14

Multiple Choice

Which of the following conditions is NOT an essential requirement for all contracts?

• A)The contract must be in written form.
• B)The parties must consent to the contract.
• C)The purpose of the contract must be legal.
• D)The parties must have capacity to contract.

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Definitions:

Inelastic Nature

A characteristic of a good or service whose demand does not significantly change with the price.

Agricultural Demand

The total demand for agricultural products, influenced by factors such as population growth, income levels, and dietary preferences.

Farm Employment

Jobs and labor related to agriculture, including positions in farming, crop cultivation, and animal husbandry.

Total Employment

The total number of people currently employed in the economy, including both full-time and part-time workers.