Multiple choice

A written contract must include all of these EXCEPT...

  1. date

  2. price

  3. names of parties

  4. right of transfer clause
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

A written contract must contain essential terms such as the names of the parties, the subject matter, the price or consideration, and usually the date or time of performance. A 'right of transfer' clause (or assignment clause) is an optional provision and is not required for a contract to be legally binding.

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