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In the formula "Contract = Agreement + Enforceability by Law", the term "Agreement" itself equals:
AOffer + Consideration
BOffer + Acceptance
CAcceptance + Consideration
DPromise + Consent
Answer & Solution
Correct answer: B. Offer + Acceptance
1. Per OCR (page 49): "Agreement = Offer + Acceptance".
2. "Contract = Agreement + Enforceability by Law".
3. These are the two foundational equations of ICA 1872 study.
_Source: ICMAI BoS CMA Foundation Paper 1 (FBLC) — Paper1_07042026.pdf, Module 2 §2.1 (page 49)_
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