Which of the following is not one of the basic elements for formation of a valid contract?

Question

Quizplus · Accepted Answer

While promissory estoppel is a legal principle that can be used to enforce a promise even if there was no contract formed, it is not one of the necessary elements for the formation of a valid contract. The other three options - consideration, an offer and acceptance, and a legal purpose - are all essential components for a contract to be valid.

Which of the Following Is Not One of the Basic