Which of the Following Is True About a Contract

question 5

Multiple Choice

Which of the following is true about a contract?

• A)Any offer made is a contract,though there is no acceptance of the offer.
• B)It need not necessarily be entered into by parties having capacity to contract.
• C)It must be voluntarily entered into and promise to perform a legal act.
• D)It must always be supported by consideration.

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Definitions:

Seek Damages

The act of demanding compensation, typically through legal action, for harm or loss suffered due to another's actions or negligence.

Magnuson-Moss Act

A federal law enacted in 1975 to protect consumers from deceptive warranty practices, applying to warranties on consumer products.

Limited Warranty

A warranty with certain conditions and limitations on the parts covered, duration of coverage, and types of defects that are covered.

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States to standardize practices across state lines.