A contract begins with a promise and
A) money exchanged
B) two signatures
C) one signature
D) an acceptance

Question

Quizplus · Accepted Answer

A contract begins with a promise and is only formed when that promise is accepted by the other party. Money exchanged may be a part of the contract, but it is not necessary for the formation of the contract. Two signatures may be required for some contracts, but it is not a universal requirement. One signature may be sufficient for some contracts, but it depends on the type of contract and the requirements of the law.

A Contract Begins with a Promise and