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Wednesday, 18 September 2019
Agent Resource Center
This Old House - Do-it-Yourself

Question – All of the following are essential elements of a simple contract except:

Posted On Tuesday, 10 September 2019 05:00

((A) Proper writing
(B) Competent parties
(C) Legal object
(D) Mutual assent

 

Answer:  (A)  The four essential elements of a simple contract are consideration, competent parties, a lawful object and mutual assent. The Statute of Frauds requires that only certain contracts must be in writing to be enforceable in court, not all.

Read 343 times Last modified on Saturday, 07 September 2019 21:21
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