Question: Choose the proper description for each element of a valid contract. Prompt 1Agreement Answer for prompt 1 Agreement Contract satisfies a purpose that neither goes

Choose the proper description for each element of a valid contract. Prompt 1Agreement Answer for prompt 1 Agreement Contract satisfies a purpose that neither goes against civil or criminal statutes nor is contrary to public policy Prompt 2Consideration Answer for prompt 2 Consideration All parties to the contract have the legal ability to enter the contract Prompt 3Capacity Answer for prompt 3 Capacity Parties are required to obtain something of legally sufficient value in a bargained for exchange Prompt 4Legality Answer for prompt 4 Legality Parties indicate through words or behavior that they are willing to agree to enter into a contract, indicated by a valid offer and acceptance

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Law Questions!