According to contract law, an agreement must contain the ...

[CBme]

According to contract law, an agreement must contain the following in order to be considered legal:
 
  a. an agreement between two people that states what the first party must do
  b. an agreement between two people in which a fee was paid up front
  c. a mutual understanding of the obligations that the contract imposes upon each party
  d. must be a written document

Question 2

The Nurse Licensure Compact is:
 
  a. a plan for all nurses to need only one license with a large annual fee
  b. a project of the National Council of State Boards of Nursing
  c. a type of specialized organizational tool used in licensure and the NCLEX examinations
  d. a spin-off of EEOC legislation

[ynlevi]

Answer to Question 1

C
Contract law regulates certain transactions between individuals, legal entities, and/or businesses. For a contract to be considered legal, it must contain certain elements such as: 1) a mutual understanding of the terms and obligations that the contract imposes on each party (not only the first party) to the contract, and 2) an agreement between two or more legally competent individuals/parties stating what each must or must not do. It can be either oral or written.

Answer to Question 2

B
The Nurse Licensure Compact is a project of the National Council of State Boards of Nursing. It is an agreement among states to allow nurses to be multistate licensed (without applying for new licenses per state) in those states that have agreed to this practice (no extra-large fee).

[CBme]

TYSM

[amcvicar]

Excellent