Question $8$

$2$ pts

When creating a valid contract, including insurance contracts, which of the following elements is not required?

Purposeful deadline $($The time period in which the contract must be fulfilled$)$

Consideration $($usually money or the promise to pay$)$

Legal competency of all parties $($generally at least age $18)$

Offer and acceptance $($one party makes the offer, the other party accepts, rejects, or counters$)$