Business Studies, asked by arjunpj117, 5 months ago

essentials of a valid contract..?​

Answers

Answered by swatisinghsingh16050
7

Answer:

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.

Explanation:

Seven essential elements must be present before a contract is binding: the offer, acceptance, mutual assent (also known as “meeting of the minds”), consideration, capacity, and legality. Contracts are typically in writing and signed to prove all of those elements are present.

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