Which of the following represents a valid contract:
a. Anything that two people have agreed to as long as it is not illegal.
b. Any contract executed in writing.
c. A contract that is binding and enforceable, and has all of the essential elements required by law.
d. Any agreement between two capable parties.
Answer: c. A contract that is binding and enforceable, and has all of the essential elements required by law.
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Trevor owns a vacant lot and employs an appraiser to determine the properties
a. growth b. reproduction cost c. replacement cost d. highest and best use
A(n) ________ is when a company might seek new businesses to purchase that have no relationship to its current technology, products, or markets
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