Which of the Following Statements Is the Best Definition of a 'Formal

question 9

Multiple Choice

Which of the following statements is the best definition of a 'formal contract'?

• A) A contract that does not require a special form but must have consideration present.
• B) A contract created by conduct or the actions of parties.
• C) A contract created by written or oral words.
• D) A contract that requires a special form or method of creation.

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Definitions:

Reference-like Information

Data or details that serve as a basis for comparison, verification, or citation, similar to what is found in reference materials.

Criminal Records

A record of an individual's criminal history, including arrests, convictions, and other judicial dispositions.

Credit History

A record of a borrower's past borrowing and repayment, including information about late payments and bankruptcy.

Recruitment Success

The effectiveness and efficiency of bringing in qualified candidates to fill job vacancies within an organization.