Field Construction Inc. contracts with Mesa Ranch to build a new horse barn on Mesa's property for which Mesa agrees to pay. If this is a valid contract, it will be partly because it includes the element of
A) capability.
B) legality.
C) necessity.
D) marketability.

Question

Quizplus · Accepted Answer

Legality is a necessary element of a valid contract, meaning that the subject matter of the contract must be legal and not against public policy. In this case, the contract is for the construction of a building, which is a legal and valid subject matter. Capabilities, necessity, and marketability are not necessary elements for a contract to be valid.