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'Agreement' is composed of:
Suggested Answer: B
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Equilibrium price.
The closing price is the price at the end of the day when the market closes.
The other 'prices' shown are nonsense.
38 comments · newest first
CA
Carin
11 months ago
I disagree, I think D has a point about correct form!
PE
Pearly
11 months ago
B is the standard definition in contract law.
CH
Chantell
12 months ago
Wait, is it really just B? That seems too simple.
DE
Desmond
12 months ago
I thought it was A at first, but B makes more sense.
BR
Broderick
1 year ago
It's definitely B, offer and acceptance!
HE
Helga
1 year ago
I feel like I’ve seen a question where capacity was mentioned, but I can’t recall if it’s part of the agreement definition.
LE
Lea
1 year ago
I practiced a question similar to this, and I think it was about offer and consideration, but now I’m doubting if that’s the whole picture.
VI
Virgina
1 year ago
I remember something about consideration being important, but I’m not sure if it’s just that or if acceptance is also needed.
BI
Billi
1 year ago
I think 'agreement' is mainly about offer and acceptance, so I’m leaning towards B.
MI
Milly
1 year ago
Okay, let me walk through this step-by-step. I believe the correct answer is B, offer and acceptance.
BA
Bambi
1 year ago
I'm not totally confident on this, but I think the key elements are offer and consideration. Let me double-check that.
HA
Haydee
1 year ago
Offer and acceptance, that's the classic definition of agreement. Easy peasy!
DE
Dell
1 year ago
Hmm, I'm a little unsure on this one. I'll have to think it through carefully.
BE
Benton
1 year ago
This one seems straightforward - I'm pretty sure the answer is offer and acceptance.
AN
Annice
1 year ago
Wait, I'm a little confused about the "business plane" and "management plane" concepts. I'll need to re-read that part carefully.
LA
Lashandra
1 year ago
I think a remainder interest might be eligible, but I'm not certain about the testamentary gift in trust. It feels like I came across a question like this before.
DA
Dana
1 year ago
Hmm, this looks like a tricky one. I'll need to carefully read through the code and think about how the `find()` function works with a `map`.
FR
Franchesca
1 year ago
Offer and acceptance, got it. Although I'm more of a 'pinky promise' kind of person when it comes to sealing the deal.
MI
Miriam
1 year ago
Wait, I thought agreements were made with handshakes and a good firm grip. This multiple-choice stuff is making my head spin!
RO
Rosendo
1 year ago
D) Correct form and acceptance sounds a bit too formal to me. I'm going with B) Offer and acceptance.
TE
Terrilyn
1 year ago
I believe D) Correct form and acceptance is necessary for a valid agreement.
BU
Buffy
1 year ago
I'm not sure about C) Capacity and consideration, can you explain?
MA
Margurite
1 year ago
I think A) Offer and consideration is also important in an agreement.
CI
Ciara
1 year ago
I agree, B) Offer and acceptance seems like the right choice.
LE
Leatha
1 year ago
Hmm, I was leaning towards A) Offer and consideration, but now I'm not so sure. Maybe I should double-check my notes.
ED
Edelmira
1 year ago
C) Capacity and consideration are important, but not the main elements of agreement.
AL
Alyssa
1 year ago
B) Offer and acceptance is also a key component of agreement.
HO
Howard
1 year ago
A) Offer and consideration is correct. You should trust your initial instinct.
OS
Osvaldo
2 years ago
I think the correct answer is B as well. Offer and acceptance are the key components that make up an agreement.
IV
Ivette
1 year ago
That's right, offer and acceptance are the basic elements of forming a contract.
HE
Helene
1 year ago
Yes, without offer and acceptance, there can't be a valid agreement.
LO
Lottie
1 year ago
I agree, offer and acceptance are essential for an agreement.
MA
Matthew
2 years ago
I'm pretty sure the answer is B) Offer and acceptance. That's the basic structure of a valid agreement, right?
FE
Fernanda
2 years ago
That's right. Offer and acceptance are essential elements of a valid agreement.
GR
Gracia
2 years ago
Yes, you're correct. An agreement is formed when there is an offer made by one party and acceptance by the other party.
TR
Tricia
2 years ago
I'm not sure, but I think it might be A) Offer and consideration.
SC
Scarlet
2 years ago
I agree with Fredric, because without acceptance, there can't be an agreement.
FR
Fredric
2 years ago
I think the answer is B) Offer and acceptance.