A contract requires:
A) an offer.
B) an acceptance.
C) both an offer and an acceptance.
D) an agreement manifested by the written or spoken words of the parties.

Question

Quizplus · Accepted Answer

A contract requires both an offer and an acceptance. In addition to these, there must be consideration, mutuality of obligation, competency and capacity of the parties, and the contract must be based on lawful objective. The written or spoken words of the parties manifest their agreement, but they are not a requirement for a contract to be legally binding.

A Contract Requires