FinancingGovernment_loansHARD
All of the following are required in valid contracts, except:
Correct Answer
D) consideration.
A valid contract requires competent parties, mutual consent, lawful object, and consideration.
Answer Options
A
written documentation.B
offer and acceptance.C
a legal object.D
consideration.Video Explanation3 min
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Related Topics & Key Terms
Related Topics:
statute-of-frauds-real-estatecontract-formation-elementspromissory-estoppel-real-estate
Key Terms:
contract elementsconsiderationCalifornia Civil Code 1550Statute of Fraudsmutual consent
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