Which of the following is a necessary condition for a contract to be considered valid?
A)It is enforceable by both the parties.
B)It is enforceable by at least one of the parties.
C)It can be voided by one of the parties.
D)It can be voided by both parties.

Question

Quizplus · Accepted Answer

For a contract to be considered valid, it must be enforceable by at least one of the parties. This means that there must be mutual agreement between the parties, consideration or something of value exchanged, and the contract must not violate any laws or public policy. However, it is not necessary for the contract to be enforceable by both parties or able to be voided by either party.

Which of the Following Is a Necessary Condition for a Contract