Which of the following is not a necessary element for a valid contract?
A. A legal objective
B. A meeting of the minds
C. Payment of money
D. Capacity of the parties
Answer: C. Payment of money
Explanation: Payment of money is not necessary for a valid contract. Consideration is necessary, but consideration may take the form of property, services, or a promise to do something in the future.
Business
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Mixed questions of law and fact decided upon by an agency are required under the
APA to be subject to a substantial evidence standard of review. a. True b. False
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Which of the following has most likely triggered the increase of small businesses involved in international business?
A) e-commerce B) economic recession C) foreign-made materials D) increased cultural literacy
Business