Question

describe the essential elements of valid contract??​

Answer 1

Explanation:

A contract has six important elements so that it will be valid which is offer, acceptance, consideration, intention to create legal relation, certainty and capacity.

Answer 2

A valid contract is one that is made by free will by a person of legal age.

Explanation:

The most important elements of a legally valid contract in India are:

• There should be two or more parties entering into the contract.
• The contract can be in written or oral form.
• The contract should have a legal object. This means that contracts to do illegal activities cannot be legally enforceable. Moreover, a contract entered into by force or coercion is not a valid contract.
• Monetary consideration should be there in order for a contract to be valid.
• A minor should not enter contracts.