All of the following are a necessity of any contract except:

a. consideration.
b. competent parties.
c. meeting of the minds.
d. legal object.

Answer: a. consideration.

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Which of the following statements best describes a Keogh (HR-10) plan?

A) It is a qualified retirement plan for self-employed individuals only. B) It is a nonqualified retirement plan for self-employed individuals only. C) It is a qualified retirement plan for self-employed individuals and their eligible employees. D) It is a nonqualified retirement plan for self-employed individuals and their eligible employees.

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In Grutter v. Bollinger, ________

a) affirmative action plan was upheld b) reverse discrimination existed c) both d) neither

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