ACC 351
Liberty University
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ACC351 EXAM 2 2023 LATEST EXAM GRADED A+
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An enforceable contract results from an agreement that imposes a legal

obligation - CORRECT ANSWER true

One reason for creating a contract is for employment - CORRECT

ANSWER true

A contract may be extended and revised as needed to reflect the wishes of

the parties - CORRECT ANSWER true

A contract must show mutual agreement, which is also referred to as "a

meeting of the minds" - CORRECT ANSWER true

A promise to give up something of value that a person has a legal right to

keep or to a...
Exam (elaborations)
ACC351 EXAM 2 2023 LATEST EXAM GRADED A+
Last document update:
ago
An enforceable contract results from an agreement that imposes a legal 
obligation - CORRECT ANSWER true 
One reason for creating a contract is for employment - CORRECT 
ANSWER true 
A contract may be extended and revised as needed to reflect the wishes of 
the parties - CORRECT ANSWER true 
A contract must show mutual agreement, which is also referred to as "a 
meeting of the minds" - CORRECT ANSWER true 
A promise to give up something of value that a person has a legal right to 
keep or to a...
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