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Which of the following are valid contract states during a contract's lifecycle? (Choose four.)
Suggested Answer: A, B, E
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35 comments · newest first
GL
Glenna
10 months ago
Extended is also valid, right?
ED
Eden
11 months ago
Expired is a common state, for sure!
JO
Jonelle
11 months ago
I agree, but I think Canceled should be on the list too.
VI
Vincent
11 months ago
Wait, can a contract really be in a "Renegotiated" state? Sounds odd.
CE
Cecily
11 months ago
Draft and Active are definitely valid states.
TH
Theola
11 months ago
I’m leaning towards "Renegotiated" being valid, but I can't recall if it was in the examples we studied.
KR
Krystal
12 months ago
I feel like "Extended" might be a tricky one. Is it really a state, or just a process?
FL
Florinda
12 months ago
I remember practicing a question like this, and I think "Canceled" and "Expired" were mentioned as valid states too.
DY
Dyan
1 year ago
I think "Draft" and "Active" are definitely valid states, but I'm not sure about "Renewed."
MA
Margot
1 year ago
This question covers a lot of ground on contract management. I'll need to draw on my knowledge of the typical contract lifecycle to identify the four valid states.
HE
Hester
1 year ago
Okay, let's see. Draft, Canceled, and Expired seem pretty clear to me. I'm a bit unsure about Renewed and Renegotiated, but I'll give it my best shot.
PA
Patti
1 year ago
Hmm, I'm not entirely sure about all the different contract states here. I'll need to think through each one to make sure I understand them properly.
MI
Miss
1 year ago
This looks like a straightforward question on contract lifecycle states. I'll review each option carefully and select the four valid ones.
TA
Tamar
1 year ago
This is a tough one, but I'm going to go with Draft, Active, Expired, and Renegotiated. Although, I have to say, 'Canceled' sounds like a great state to be in when you're stuck in a bad contract.
DE
Destiny
1 year ago
Canceled does sound like a good state to be in when you want to get out of a bad contract.
JE
Jessenia
1 year ago
I think Draft, Active, Expired, and Renegotiated are the valid contract states.
LU
Lucy
1 year ago
Hmm, let's see... Draft, Active, Expired, and Renegotiated. Oh, and Extended! Can't forget that one. Although, I'm pretty sure 'Canceled' is a state of mind, not a contract state.
KA
Karon
1 year ago
Contract states, huh? I'll go with Active, Expired, Renegotiated, and Renewed. Although, Renewed kind of sounds like something you do to a gym membership, not a contract.
JE
Jesusita
1 year ago
This is tricky, but I'm going with Draft, Active, Expired, and Renegotiated. I mean, who even comes up with these contract state names anyway? Probably some bored lawyer with too much time on their hands.
NA
Nathalie
1 year ago
I agree, those are the correct contract states. It's interesting how they come up with these names.
NI
Niesha
1 year ago
Draft, Active, Expired, and Renegotiated are the valid contract states.
LA
Laticia
1 year ago
I would also add Canceled as a valid contract state, as sometimes contracts do get canceled.
VA
Val
1 year ago
Okay, let's see... Active, Expired, Renewed, and Extended. Wait, Renewed and Extended? Are those really contract states? I thought they were just actions you could take.
WA
Walton
1 year ago
They are actually considered contract states during a contract's lifecycle.
MI
Micaela
1 year ago
Oh, I see. I thought they were just actions too.
KA
Kati
1 year ago
Yes, Renewed and Extended are valid contract states.
EL
Elli
1 year ago
Extended
EU
Eulah
1 year ago
Renewed
EU
Eugene
1 year ago
Expired
VI
Victor
1 year ago
Active
LE
Leslee
1 year ago
I agree with Curtis. Those states make sense for a contract's lifecycle.
PA
Paris
1 year ago
Hmm, I think Draft, Active, Expired, and Renegotiated are the valid contract states. Definitely not Canceled, that's not a real state, right?
CR
Cruz
1 year ago
Canceled is not a valid state, you're right.
JE
Jeanice
1 year ago
I agree, Draft, Active, Expired, and Renegotiated are the valid contract states.
CU
Curtis
1 year ago
I think valid contract states are Draft, Active, Renewed, and Expired.