The Three Elements Needed to Create Most Contracts Are Best

question 43

Multiple Choice

The three elements needed to create most contracts are best described as

• A)offer and acceptance,consideration,and a written agreement.
• B)an intention to create legal relations,offer and acceptance,and consideration.
• C)an intention to create legal relations,an exchange of value,and consideration.
• D)offer and acceptance,an invitation to treat,and communication of the offer.
• E)quid pro quo,volenti non fit injuria,and consensus ad idem.

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Definitions:

Personal Fable

A cognitive distortion encountered in adolescence, making individuals believe they are unique, invincible, and not understood by others.

Moral Judgments

Decisions or opinions about what is right and wrong, typically reflecting personal values or societal standards.

Imaginary Audience

is a psychological concept where an individual believes that his or her actions are the focus of other people's attention and interest.

Adolescent Egocentrism

A developmental stage where teenagers believe their thoughts, feelings, and experiences are unique and not understood by others.