Contracts Usually Contain the Following

question 36

Multiple Choice

Contracts usually contain the following:

• A) mutual consent.
• B) consideration.
• C) capable parties.
• D) legal subject matter.
• E) All of the above

---

Definitions:

Merge

To combine or unite multiple entities, such as companies or datasets, into one integrated whole.

Short-form Merger

A short-form merger is a type of merger that allows a parent company to absorb a subsidiary without the approval of the shareholders of the subsidiary.

Shareholder Approval

The process by which a corporation's shareholders vote on and approve certain corporate actions or decisions.

Revised MBCA

An updated version of the Model Business Corporation Act, which provides a template for state laws regulating the formation, operation, and dissolution of corporations.