Question: 5) If only one party promises something, such as paying a certain amount of money, and the other party promises nothing, then the agreement

5) If only one party promises something, such as paying a certain

5) If only one party promises something, such as paying a certain amount of money, and the other party promises nothing, then the agreement lacks: O A) offer and acceptance. B) competence. O O legality of purpose. D) consideration.

Step by Step Solution

3.45 Rating (152 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Answer C legality of purpose Because every agreement there should be purpose of a... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!