A contract can be classified as: express or implied. unilateral or bilateral. all of them. executory or executed. Which of the following is NOT an element for a valid contract? A lawful purpose Consideration The consent of only one party Capacity to consent When a minor makes an agreement concerning real property, the agreement is: valid. void. lacking in consideration. voidable. To petition the superior court for a declaration of emancipation, a minor: all of them. must live apart from parents or guardian with their consent. must be managing his or her own financial affairs. must be at least 14 years of age. An offer can be terminated by: revocation by the offeror. any of them. lapse of time. rejection by the offeree. Consent is NOT freely given as a result of: any of them. fraud. undue influence. duress