Question: While there can be exceptions in which the courts will excuse one or more of the items listed below, in the most typical kinds of

While there can be exceptions in which the courts will excuse one or more of the items listed below, in the most typical kinds of contracts for there to be a valid and enforceable agreement there must exist:

(1)

mutual assent,

(2)

consideration,

(3)

legality of the object of the contract, and

(4)

legal capacity of the parties.

True

False

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