In the formation of a contract,the intention of the parties may be just as important as the essential elements of the contract.

Question

Quizplus · Accepted Answer

The intention of the parties to create legal relations is a crucial element of contract formation. Without such intention, there can be no valid contract, even if all the other essential elements are present. Therefore, in the formation of a contract, the intention of the parties is just as important as the essential elements of the contract.

In the Formation of a Contract,the Intention of the Parties