Which of the following is correct with regard to a contract?
A) All contracts must be in writing.
B) A person who deposits money in a bank account has entered into a contract with the bank.
C) A contract may be for a tortious purpose.
D) To be valid,a contract must be bilateral and cannot be unilateral.

Question

Quizplus · Accepted Answer

A contract can be formed through various means, including verbal agreement and conduct, and does not always need to be in writing. However, a bank account deposit does create a contractual relationship between the person and the bank. The other options are incorrect: A is false, C is partially true (a contract cannot be for an illegal purpose), and D is false (contracts can be unilateral).

Which of the Following Is Correct with Regard to a Contract