Asked by
Kristina Johnson
on Nov 21, 2024
Verified
Which of the following terms would be considered material terms?
A) Subject matter, but not price, quantity, quality or parties
B) Price and subject matter, but not quantity, quality or parties
C) Quantity, quality, and subject matter, but not price or parties
D) Subject matter, quality, and price, but not quantity or parties
E) Subject matter, price, parties, quality, and quantity
Material Terms
Essential conditions and stipulations within a contract that are significant to the agreement and affect its execution or enforcement.
Subject Matter
The specific object or topic under consideration, discussion, or legal examination.
Quantity
A specific or measurable amount of something.
- Familiarize yourself with the key principles and demands for the creation of a valid agreement, highlighting the importance of offer, acceptance, and consideration.
Verified Answer
NG
Learning Objectives
- Familiarize yourself with the key principles and demands for the creation of a valid agreement, highlighting the importance of offer, acceptance, and consideration.