Field Construction, Inc., contracts with Mesa Ranch to build a new horse barn on Mesa's property for which Mesa agrees to pay. The elements of this, and any other, contract include
A) capability.
B) legality.
C) necessity.
D) marketability.

Question

Field Construction, Inc., contracts with Mesa Ranch to build a new horse barn on Mesa's property for which Mesa agrees to pay. The elements of this, and any other, contract include
A) ​capability.
B) ​legality.
C) ​necessity.
D) ​marketability.

Quizplus · Accepted Answer

Legality is an essential element of any contract. It means that the subject matter of the agreement must be lawful and not prohibited by law. In this case, the contract between Field Construction, Inc. and Mesa Ranch to build a horse barn must comply with relevant laws and regulations. The other options, capability, necessity, and marketability, are not crucial elements of a contract.