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

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

QUESTIONS 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: A) offer and acceptance. B) competence. legality of purpose D) consideration QUESTION 6 6) Entering into a contract with persons of legal age and normal mentality is considered within the A) legality of purpose. B) competency of the parties. C) mutual agreement. D) proper form

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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!