Solve this question with steps please. The subject is legal environment of business (BUS 156). What are the requirements for a valid and binding contract?a. Offer, acceptance, consideration, and intention to create legal relations.b. Offer, acceptance, certainty, practicality, and intention to create legal relations.c. Offer, acceptance, certainty, consideration, and reasonableness.d. Offer, acceptance, certainty, consideration, and intention to create legal relations.

Any legally enforceable agreement is referred to as a "binding contract." That means that if you…

Answered: What are the requirements for a valid…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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