Question

Mention the two essential elements of a contract.

Answer 1

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.