Steel Mill Inc. makes an offer to Tag to enter into a contract to work as a mechanical engineer for a certain salary for one year subject to a five-year renewal based on his performance. Tag accepts the offer. This is a valid contract because it includes

Question

Quizplus · Accepted Answer

An offer by Steel Mill Inc. and acceptance by Tag are present, which are fundamental elements for forming a valid contract. The presence of a specific job role and agreed salary further supports the validity of the contract.