The basic elements of a contract include agreement, lawful subject matter, and:
A) offer, consideration, and legal capacity
B) consideration, legal capacity, and remedies
C) consideration, legal capacity, and performance
D) consideration, legal capacity, and genuine consent
E) offer, acceptance, and legal capacity

Question

Quizplus · Accepted Answer

The basic elements of a contract are agreement, consideration, lawful subject matter, legal capacity, and genuine consent. Out of the options presented, choice D is the only one that includes the correct elements, which are consideration, legal capacity, and genuine consent. Offer and acceptance are also important components, but they fall under the broader category of agreement. Remedies are not one of the basic elements of a contract.

The Basic Elements of a Contract Include Agreement, Lawful Subject