Question 1 • FL-2102373-Personal Finance and Money Management Honors
In which ways are contracts implemented? Check all that apply.accepting a lunch invitation from colleaguesagreeing to complete your homework each nightentering into a purchase agreement when buying a caragreeing to the privacy policy when signing up for a new online serviceaccepting terms and conditions when installing a new app on your smartphone
Answer
A
accepting a lunch invitation from colleagues
B
agreeing to complete your homework each night
C
entering into a purchase agreement when buying a car
D
agreeing to the privacy policy when signing up for a new online service
E
accepting terms and conditions when installing a new app on your smartphone
Explanation
Contracts can be made through formal purchase agreements and by accepting digital terms that govern a service or product. Buying a car with a purchase agreement is a clear example, as are agreeing to a privacy policy when signing up for an online service and accepting an app’s terms and conditions. A lunch invitation or a personal promise to do homework is generally a social commitment, not a contract.
AI-written and checked against the verified answer.