Engineering Board Exam Reviewer · ECE · easy
The three stages of a contract are:
- Offer, acceptance and payment
- Bidding, award and protest
- Preparation (negotiation), perfection (birth) and consummation (performance)
- Signing, notarization and registration
Answer
C. Preparation (negotiation), perfection (birth) and consummation (performance)
Solution
Perfection occurs at the meeting of minds.
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