Answers are either: Required vs. Not Required

Identifying Contract Validity For each item a through h, indicate whether the item is (1) required for a valid contract, or (2) not required for a valid contract. a. Valid business purpose * e. 99% probability of collection * b. Written agreement f. Identifiable rights and obligations * C.Identifiable payment terms g. Fixed contract price d. Cash consideration only h. Contract length exceeding one year