9
QuizMultiple Choice

Test — Exam

Question 9 • Business Law

The three key elements of a contract are: Offer + Acceptance + ________ = A Contract.

Answer
A
Consideration
B
Compromise
C
Confluence
D
Confirmation

Explanation

A contract generally requires an offer, acceptance, and consideration. Consideration is something of value exchanged between the parties, such as money, goods, or a promise to do something. So the missing element is consideration, not compromise, confluence, or confirmation.

AI-written and checked against the verified answer.

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