Which of the following is not one of the four basic requirements for contract formation and enforcement?
A) There must be an agreement between the parties.
B) The promise must be supported by a bargained-for consideration that is legally sufficient.
C) The parties must have contractual capacity.
D) The object of the contract must be lawful.
E) Both parties to the contract must be at least twenty-one (21) years old.

Question

Quizplus · Accepted Answer

The requirement that both parties to the contract must be at least 21 years old is not one of the four basic requirements for contract formation and enforcement. The other requirements are agreement, consideration, capacity, and lawful object. Age requirements may be relevant in certain specific contexts, but they are not a universal requirement for all contracts.

Which of the Following Is Not One of the Four