Which of the following condition is required for the two companies to enter into a legally enforceable contract?

Question

Quizplus · Accepted Answer

In order for a contract to be legally enforceable, there must be a bargained-for exchange of goods or services between the parties involved. This means that both parties must give something of value to the other party, whether it be money, goods, or services. The considerations do not need to be beneficial or detrimental to both parties, and they do not necessarily need to be mentioned in writing (although written contracts are recommended to provide clarity and avoid disputes). Therefore, options A, B, and C are incorrect.

Which of the Following Condition Is Required for the Two