Which of the Following References the Requirement That a Contract

question 78

Multiple Choice

Which of the following references the requirement that a contract not be either illegal or against public policy?

• A)Capacity
• B)Ethical requirement
• C)Legal object
• D)Illegal prohibition
• E)Consideration

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Definitions:

Topping Out

A construction milestone where the last beam is placed atop a structure during its erection.

Reward System

A mechanism for providing incentives or compensation in recognition of achievements, behavior, or performance.

Profit-Sharing Programs

Profit-sharing programs are incentive schemes wherein employees receive a share of the company's profits, usually based on the company's earnings over a specified period.

Flexible-Benefit Plans

Employee benefit programs that allow individuals to choose from a variety of pre-tax benefits according to their personal needs and situations.