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CIPS L4M3 Exam - Topic 8 Question 74 Discussion
Actual exam question for
CIPS's
L4M3 exam
Question #: 74
Topic #: 8
[All L4M3 Questions]
Topic #: 8
Which of the following are always considered as minimum preconditions for a contract? Select TWO that apply:
Suggested Answer:
D, E
In order to form a contract to come into being, there are five conditions:
- Offer
- Acceptance
- Consideration
- Intention to be legally bound
- Capacity to contract
LO 1, AC 1.2
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