The four elements of a valid contract of sale are offer and acceptance, subject matter, consideration or price, and legal capacity of the parties.

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Quizplus · Accepted Answer

These are indeed the four essential elements required for a contract of sale to be considered valid. Offer and acceptance establish the agreement between the parties, the subject matter specifies what is being sold, consideration or price is the value agreed upon for the sale, and legal capacity ensures that the parties involved have the authority and ability to enter into the contract.

The Four Elements of a Valid Contract of Sale Are