Which of the following elements are required for a contract to be legally binding and enforceable?
A) offer
B) acceptance
C) consideration
D) all of the above

Question

Quizplus · Accepted Answer

All of the above elements, offer, acceptance, and consideration, are required for a contract to be legally binding and enforceable. An offer must be made by one party, accepted by the other party, and supported by consideration, which refers to something of value exchanged between the parties (such as money or services). Without any of these elements, a contract would not be legally enforceable.

Which of the Following Elements Are Required for a Contract