An Agreement That Is Lacking One of the Legal Elements

question 27

Multiple Choice

An agreement that is lacking one of the legal elements of a contract is said to be _____.

• A)valid
• B)unenforceable
• C)voidable
• D)void
• E)lawful

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Definitions:

Brand Equity

The value that a brand adds to a product or service, including the consumer's perception, experiences, and loyalty.

Trademark Office

A government office responsible for registering and protecting trademarks to ensure exclusive rights for brands and businesses.

Trademark Registry

An official database that contains registered trademarks and service marks, providing legal protection and ensuring the uniqueness of the mark.

Brand Equity

The value and strength of a brand in the marketplace, often reflected in consumer recognition, preference, and loyalty.