Question

Which of the following is not essential element of a valid contract?

Answer 1

Answer:

Illegal consideration is not an essential elements of a valid contract. Offer - It is the first aspect of a legal contract. There must be a bid, a commitment, or an agreement in contract and there will be no contract if there is no offer.

Answer 2

the followings which are not considered a valid contract are-

1. according to the Indian Contract Act of 1872, list the essentials of a valid contract.
2. this is an agreement which is binding and enforceable.
3. all the parties associated with the contract must agree to the terms of the contract.
4. in this , one party is giving something to the other party and the second party is accepting it willingly in exchange of cash, service,etc.
5. the five elements of a valid contract are- offer, acceptance of the offer,consideration, mutual consent and competency.