TECHNOLOGYS ETHICAL LEGAL PRIVACY ISSUES
PROTECTING CONSUMER PRIVACY ONLINE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
A contract needs to have an offer and a legal purpose.
|
|
|
A contract includes an offer and acceptance without any consideration.
|
|
|
A contract includes an offer, acceptance, and consideration without a legal purpose.
|
|
|
A contract includes an offer, acceptance, consideration, and a legal purpose.
|
Detailed explanation-1: -A contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more mutually agreeing parties. A contract typically involves the transfer of goods, services, money, or a promise to transfer any of those at a future date.
Detailed explanation-2: -Which sentence describes a contract comprehensively? A contract needs to have an offer and a legal purpose. A contract includes an offer and acceptance without any consideration.
Detailed explanation-3: -The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality. In some states, elements of consideration can be satisfied by a valid substitute.
Detailed explanation-4: -The offer is the proposal that is made by one party outlining the terms of the contract, the acceptance is the approval of the proposal (sometimes after negotiation) by another party, and the consideration is the exchange of value as stipulated in the contract.