Which of the following elements are required for a contract to be legally binding and enforceable?
A) offer
B) acceptance
C) consideration
D) all of these

Question

Quizplus · Accepted Answer

All of these elements (offer, acceptance, and consideration) are required for a contract to be legally binding and enforceable. An offer is a proposal made by one party to another, while acceptance is the agreement of the other party to the terms of the offer. Consideration refers to something of value that is exchanged between the parties, such as money or services. Without any of these elements, a contract may not be legally enforceable in court.

Which of the Following Elements Are Required for a Contract