Monday, May 25, 2015

Essential Elements of a Valid Contract

A contract can be oral or written. For a contract to be valid, four essential elements must exist. The four elements are:-

a. Offer;
b. Acceptance;
c. Consideration and
d. Intention to create a legal relation.

If you wish to know more about the four elements, kindly visit http://www.banyan-consulting.org.

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