What Are the Elements of a Binding Contract

question 17

Multiple Choice

What are the elements of a binding contract?

• A)Offer,acceptance,consideration,and assent
• B)Acceptance,consideration,assent,and a legal object
• C)Agreement,offer,acceptance,and consideration
• D)Agreement,consideration,contractual capacity,and assent
• E)Agreement,consideration,contractual capacity,and a legal object

Learn about market mechanisms for managing pollution and external costs.

Understand the difference between public goods and private goods.

Comprehend the concept of nonrivalry and nonexcludability in the context of public goods.

Identify the effects of external costs and benefits on market efficiency.

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