A contract is not valid if

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Quizplus · Accepted Answer

A contract can be valid even if it is not in writing, as verbal contracts can also be legally binding. However, for a contract to be valid, both parties must have a complete understanding of all its parts, and there must be an offer and acceptance of something in return (known in legal terms as "consideration"). Therefore, options B and C are necessary conditions for a valid contract, and their absence would make the contract invalid. Option A is not always necessary, as oral contracts can also be valid, depending on the nature of the agreement and applicable laws. Therefore, the correct answer is D, as it combines the two necessary conditions for a valid contract.

A Contract Is Not Valid If