Which of the following is an ingredient necessary to form a contract?
A) exemption clauses
B) assignment
C) capacity
D) privity
E) fairness

Question

Quizplus · Accepted Answer

Capacity is necessary to form a contract, as all parties must have the legal ability to enter into an agreement. Exemption clauses and fairness may be considered factors in the enforceability of a contract, but they are not necessary for formation. Assignment and privity are related to the transferability of rights under a contract, but they are also not necessary for initial formation.

Which of the Following Is an Ingredient Necessary to Form