Question

What is a valid contract?

Answer 1

Answer:

Valid and Void Contracts

A valid contract is a written or expressed agreement between two parties to provide a product or service. There are essentially six elements of a contract that make it a legal and binding document.

Answer 2

Answer:

Explanation:

Definition of Contract - A contract is an agreement made between two or more parties which the law will enforce.

defines contract “as an agreement enforceable by law”.

So, Contract=Agreement + Enforceability at law.

Coming back to your question

Essential elements of a Valid Contract are

1. Offers and Acceptance

2. Legal Relationship

3. Lawful Consideration

4. Capacity of Parties

5. Free Consent

6. Lawful Objects

7. Writing and Registration

8. Certainty

9. Possibility of Performance

10. Not Expressly Declared Void