Question

5. Which of the following is not essential element of a valid contract?
(A) Capacity
(B) Free Consent
(C) Illegal consideration
(D) Intention to create legal relations​

Answer 1

Explanation:

Among the various options given in question statement the correct option is A.

A contract is considered valid if it contains the following components;

Offer

Acceptance

Intention to create a legal relationship

Monetary terms

Now if we look at the options, consent is related to acceptance, while legal and illegal considerations are done also, hence the rule out option is then capacity

Answer 2

Illegal consideration is not an essential elements of a valid contract.

• An essential contract has six important elements. These are -

1. Offer - It is the first aspect of a legal contract. There must be a bid, a commitment, or an agreement in contract and there will be no contract if there is no offer.
2. Capacity - The terms and conditions of a contract should be outlined explicitly and understood by the contracting parties.
3. Acceptance - There should be acceptance after an offer is made in the contract. Acceptance by the other party or individual is necessary for a contract to be formed.
4. Free Consent - When two or more people agree to the same issue in the same way, they are considered to be in agreement.
5. Consideration - It implies that the other party would return something in exchange which should be legally valid.
6. Intention to create legal relations​ - It is a necessity of the intention to create legal relations