To create an enforceable contract,which of the following is(are)needed?

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Quizplus · Accepted Answer

To create an enforceable contract, all four elements - agreement, consideration, contractual capacity, and a lawful objective, are needed. Agreement refers to the offer and acceptance of the terms of the contract by the parties involved. Consideration refers to the exchange of something of value between the parties. Contractual capacity means that the parties must have the legal ability to enter into a contract, and a lawful objective means that the purpose of the contract must be legal and not against public policy. Without any one of these elements, the contract may not be enforceable.

To Create an Enforceable Contract,which of the Following Is(are)needed