A Contract Can Be Enforced Only If It Has

question 4

Multiple Choice

A contract can be enforced only if it has:

• A)one party has agreed to the contract.
• B)one party must agree to perform some act.
• C)both parties must be over age 25.
• D)the purpose of the contract must be legal.

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Definitions:

Insider Trading

Insider trading involves buying or selling a publicly-traded company's stock by someone who has non-public, material information about that stock.

Tipped Information

Insider information that is passed from one person to another, which can be illegal in financial markets.

Larceny

The criminal act of taking someone else's property without permission with the intent to permanently deprive them of it.

Fifth Amendment

An amendment to the U.S. Constitution that provides several protections for people accused of crimes, including the right to avoid self-incrimination and the prohibition against double jeopardy.