7/21/2019 Elements of a Valid Contract-1

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ELEMENTS OF A VALID CONTRACT

In order to be valid and enforceable, a contract mut

!ave t!e follo"in#$

%& A'REEMENT$ OFFER ( ACCE)ANCE

*& CONSIDERATION

+& CA)ACIT

-& NO FRA.D, D.RESS, .ND.E INFL.ENCE

OR M.T.AL MISTA/E

0& LE'AL ).R)OSE

1& FORM, IF AN$ IN SOME CASES,

2RITTEN DOC.MENTATION ISRE3.IRED