Question: Four essential elements are necessary to create a valid contract. Which of the following is not one of those elements? a. Something of value must

Four essential elements are necessary to create a valid contract. Which of the following is not one of those elements?

a. Something of value must be given by each party

b.The offeror and offeree must reach an agreement

c. The parties must be competent

d. the agreement must be in writing

Oral contracts are

  1. unenforceable
  2. are just as valid as written contracts
  3. for the sale of real property are valid
  4. are easier to prove in court than written contracts

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