Which of the Following Is an Ingredient Necessary to Form

question 2

Multiple Choice

Which of the following is an ingredient necessary to form a contract?

• A) Fairness
• B) Assignment
• C) Privity
• D) Exemption clauses
• E) Capacity

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Definitions:

Psychological Law

A principle or regularity that is generally accepted in the field of psychology, explaining mental processes and behaviors.

Theory

A systematic framework of concepts and purposes designed to explain specific phenomena or predict future outcomes based on empirical evidence.

Phenomenon

An observable event or fact, especially one that is not fully understood, distinguished by its remarkable or unusual nature.

Interrelated Hypotheses

Interrelated hypotheses are hypotheses that are connected or have a logical relationship with each other within a broader research context.