Which of the following is NOT one of the elements of a contract that must be in place for it to be valid?
A) an offer must be made
B) the parties must understand and agree on the terms
C) the terms must be formally drafted
D) consideration must be given
E) the offer must be accepted

Question

Quizplus · Accepted Answer

While it is important for the terms of a contract to be clearly written out, there is no requirement for them to be formally drafted in a certain way. The other elements listed (offer, acceptance, agreement on terms, consideration) are all essential components of a valid contract.

Which of the Following Is NOT One of the Elements