Identify and describe and explain the elements of an enforceable, valid legal contract
Identify and describe and explain the elements of an enforceable, valid legal contract
Contract - a legal document that states and explains a formal agreement between two different people or group or the agreement itself. A contract typically involves the exchange of goods, service, money, or promise of any of those. a contract generally requires an offer, acceptance, consideration and mutual intent to bound each party must be those who are binding by the contract.
an agreement between two or more parties for the doing or not doing of something specified. An agreement between two private parties that creates mutual legal obligations. A contract can be either oral or written. However, oral contracts are more challenging to enforce and should be avoided, if possible.
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