Which of the Following Is True with Regard to Contract

question 109

Multiple Choice

Which of the following is true with regard to contract law?

• A)An exchange of promises is not adequate consideration to form a contract.
• B)A contract for a $50 000 boat must be evidenced in writing to be a valid contract.
• C)To form a contract,there must be an offer that is accepted unconditionally.
• D)The parties to a contract can always go to court and have the court declare a contract void if the consideration is not adequate (i.e.,fair).
• E)A contract is void if it is required to be evidenced in writing under the Statute of Frauds,and is not.

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Definitions:

Personal Relationships

Interpersonal connections between individuals, characterized by emotional or social ties and interactions.

Comprehensive Goals

Objectives that are broad and inclusive, encompassing a wide range of factors and aiming to achieve extensive outcomes.

Strong Motivator

A powerful influence or stimulus that encourages individuals to perform actions or achieve goals.

Smaller Steps

A strategy involving breaking down goals into manageable, smaller tasks to improve the likelihood of accomplishment.