In legal terminology,a valid contract is a contract that
A) measures what it purports to measure.
B) has been executed with the proper formalities.
C) is well grounded on principles of evidence.
D) was designed with all of the needs of the parties.

Question

Quizplus · Accepted Answer

A valid contract is a contract that has been executed with the proper formalities, such as proper form, consideration, and legality of object. This means that the contract must be properly written, agreed upon by both parties, and meet all legal requirements in order to be considered valid. Choices A, C, and D do not encompass all the necessary criteria for a contract to be considered valid.

In Legal Terminology,a Valid Contract Is a Contract That