Business Studies, asked by sumitss1240, 16 days ago

define certainity?it is a essential element of valid contact.whosoever will give the best answer will be choosen as brailiest​

Answers

Answered by kookie2787
0

Answer:

Certainty. A valid contract requires reasonable certainty for the essential terms. If the parties fail to reach an agreement on the essential terms with reasonable certainty, then the agreement might be void even if all other essential elements are present.

Answered by Radhachahar23
0

Answer:

Most people assume that once one party has made an offer and the other party has accepted, a contract has been formed. However, there is more to a valid contract than this, and it has nothing to do with the formalities of a contract. A contract can be formal or informal, written or even oral. What are the 6 elements of a valid contract? A contract is valid and legally binding so long as the following six essential elements are present: 1. Offer 2. Acceptance 3. Consideration 4. Intention to create legal relations 5. Legality and capacity 6. Certainty

Read more at: https://docpro.com/blog14/6-essential-elements-of-a-valid-contract-with-examples

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