Four essential elements are necessary to create a valid contract. Which of the following is not one of these elements?

Question

Quizplus · Accepted Answer

The requirement for a contract to be valid does not universally include that the agreement must be in writing. While some types of contracts do need to be in writing to be enforceable (due to the Statute of Frauds in many jurisdictions), many ordinary contracts can be oral or even implied by conduct. The other options (A, B, C) are indeed essential elements: consideration (something of value must be exchanged), mutual agreement (offer and acceptance), and capacity to contract.

Four Essential Elements Are Necessary to Create a Valid Contract