Business Studies, asked by pranaytherock5, 6 months ago

write the two characteristics of a legal contract​

Answers

Answered by mahabhuvi0813
0

Answer:

A simple contract is an agreement made by two parties. This agreement can be an oral or a written one. There must be an offer, consideration, and an acceptance to make it valid. Even if the document is not drafted by a lawyer, it can still land you in court in the case of a breach of the contract

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Answered by swethaadapa1010
1

Answer:

A legal contract is a legally enforceable agreement between two or more parties. It may be verbal or written. ... A legal contract must have a lawful purpose, mutual agreement, consideration, competent parties, and genuine assent to be enforceable.

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