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Steel Mill Inc. makes an offer to Tom to enter into a contract to work as a mechanical engineer for a certain salary for one year subject to a five-year renewal based on his performance. Tom accepts the offer. This is a valid contract because it includes __________.
a. a duration and a termination.
b. a price and a subject.
c. specific quality standards.
d. an offer and an acceptance.

Respuesta :

Samawati

Answer:

d. an offer and an acceptance.

Explanation:

A contract exists where each involved party agrees to fulfill its obligations as per the terms of the agreement. The two or more parties involved are in consensus regarding the subject matter.  A contract valid and in force, once the offeror makes the offer, and the offeree accepts it.  

Steel and mike are in are contract. Mike has accepted the offer by steel. Other elements that must be present for a contract to be valid are the existence of consideration, mutual obligations, and the ability to fulfill one's responsibility.

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