Question

in any contract if there is an offer and acceptance, what is the third condition that must be fulfilled to make it a complete contract?

Answer 1

Explanation:

Further, when the offeree accepts the proposal, he must have known that an offer was made. He cannot communicate acceptance without knowledge of the offer. So when A offers to supply B with goods, and B is agreeable to all the terms

Answer 2

Consideration

Explanation:

• A contract or an agreement is basically, the mutual agreement among the two parties who are ready to create a legal obligation for both of them in order to perform or conduct particular acts or activities.

• There are 3 elements which make the contract valid as well as enforceable by law, which are offer, acceptance of that offer and lastly the consideration.

• Because the deposit of the earnest money will satisfy the requirement of the third party.And consideration is that the each party need to exchange something of value.

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