The Elements of a Contract Include All of the Following

question 49

Multiple Choice

The elements of a contract include all of the following except:

• A) an agreement.
• B) two or more competent parties.
• C) consideration.
• D) an illegal purpose.

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Definitions:

Costs

Costs refer to the monetary value required to obtain goods, services, or assets, including the expenses associated with production, maintenance, or acquisition.

Effective Project Leader

A person who successfully guides a project team towards its objectives, ensuring timely completion and meeting expectations.

Time Management

The practice of organizing and planning how to divide one's time between specific activities to work more efficiently.

Smaller Projects

Projects with limited scope and duration, often characterized by fewer resources, lower costs, and less complexity compared to larger initiatives.