Examlex

Solved

Marcus Has a Flat Tire on the Way to Work

question 106

Multiple Choice

Marcus has a flat tire on the way to work.He curses and says,"This always happens to me!" Marcus has known for several months that he needs to buy new tires for his car.This is an example of which of the following?


Definitions:

Binding Contract

An agreement between two or more parties that is legally enforceable and has all the essential elements of a contract.

Formal Document

A document that follows established conventions or requirements, often used in professional or legal contexts.

Formal Contract

A contract that adheres to a specific form or is ceremonial in nature, often requiring written documentation and signatures.

Simple Contract

A written or verbal contract not under seal; also called a parol contract.

Related Questions