Which of the Following Is NOT a Basic Element of a Contract

question 8

Multiple Choice

Which of the following is NOT a basic element of a contract?

• A)Offer
• B)Consideration
• C)Capacity
• D)Goods

---

Definitions:

Thorstein Veblen

An American economist and sociologist best known for his theory of the leisure class and criticisms of capitalism.

Karl Marx

A 19th-century philosopher, economist, and revolutionary socialist who developed the theory of Marxism.

Paper Loss

indicates a loss that has occurred on paper due to a decrease in the market value of an investment, but has not yet been realized through a sale.

Stock Markets

Markets where shares of publicly held companies are issued and traded, serving as a platform for buying and selling stocks.