Question

Basic elements for every contract include

Answer 1

The basic elements for every contract include

1) an offer,

2) acceptance,

3) Awareness

4) with legal capacity, for a legal purpose

What is a contract?

A contract is an agreement between two or more parties, to perform a specific job or duty. A contract is usually temporary or of fixed duration and usually governed by a written agreement.

The basic elements every contract should contain are as follows:

1. An offer, which encompasses the duties and responsibilities of each party
2. Acceptance; the offeree must decide whether to accept or reject the proposal/offer.
3. Awareness; for a contract to be binding, the involved parties must first be aware that they are entering into an agreement
4. Legal capacity; all contracts are subject to the laws of the jurisdiction in which they operate

Learn more about contract at: brainly.com/question/2669219

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