Question

check your knowledge: contracts
3 tries left

1. what are the components of an enforceable contract?

a. the date of the event, the number of attendees, and the goal of the event
b. a guarantee of attendance, acceptance of terms, and payment methods
c. an offer, consideration, and acceptance
d. an enforceable contract must be made by someone over the age of 25, must include a description of all products and services to be provided, and must be able to be cancelled within 72 hours of signing if the meeting planner changes their mind.

Explanation:

An enforceable contract requires an offer (one party proposes terms), consideration (something of value exchanged), and acceptance (the other party agrees to the terms). Option A lists event - related details which are not contract components. Option B's guarantee of attendance and payment methods are not the fundamental components. Option D has incorrect age (legal capacity is usually 18 in many places) and the 72 - hour cancellation clause is not a core component.

Answer:

C. An offer, consideration, and acceptance