Business Studies, asked by nandank68521, 9 months ago

Mention the two essential elements of a contract.

Answers

Answered by harshrajput96

2

Essential Elements of a Valid Contract

Offer and Acceptance. Basically, a contract unfolds when an offer by one party is accepted by the other party . ...

Intention to Create Legal Relationship. ...

Capacity to Contract. ...

Genuine and Free Consent. ...

Lawful Object. ...

Lawful Consideration. ...

Certainty and Possibility of Performance. ...

Legal Formalities.

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