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Which of the Following Would Be a Fixed Input to an Automobile

question 136

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Which of the following would be a fixed input to an automobile firm?


Definitions:

Valid Contract

A contract that results when the elements necessary for contract formation (agreement, consideration, contractual capacity, and legality) are present.

Unilateral Contract

A contract that results when an offer can be accepted only by the offeree’s performance.

Lottery Ticket

A ticket purchased for the chance to win prizes in a lottery, typically involving the selection of numbers for a potential cash or goods award.

Lacks Voluntary Consent

A situation where agreement or permission is given under duress, coercion, or misinformation, undermining the validity of a contract or decision.

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