In addition to the four basic requirements of a contract, which of the following must also occur in order to have a valid contract?
A) The agreement must always be in writing.
B) There must be evidence of undue influence.
C) There must be an absence of invalidating conduct.
D) A legal remedy must be available for there to be a breach.

Question

Quizplus · Accepted Answer

The four basic requirements of a contract are offer, acceptance, consideration, and mutual assent. However, in addition to these, there must also be an absence of invalidating conduct. This means that the contract must not be invalidated by fraud, misrepresentation, duress, undue influence, mistake, or illegality. The agreement does not always have to be in writing and a legal remedy is only necessary if there is a breach, so options A and D are incorrect.

In Addition to the Four Basic Requirements of a Contract