K'Nect, Inc., makes an offer to Lori to enter into a contract to work as a salesperson for a certain salary plus commission for ninety days subject to a one-year renewal based on her performance. Lori accepts the offer. A valid contract requires
A) a price and a subject.
B) a duration and a termination.
C) an offer and an acceptance.
D) specific quality standards.

Question

K'Nect, Inc., makes an offer to Lori to enter into a contract to work as a salesperson for a certain salary plus commission for ninety days subject to a one-year renewal based on her performance. Lori accepts the offer. A valid contract requires
A) ​a price and a subject.
B) ​a duration and a termination.
C) ​an offer and an acceptance.
D) ​specific quality standards.

Quizplus · Accepted Answer

A valid contract requires an offer and an acceptance. The other options listed are not necessary requirements for a valid contract.