What Are the Four Elements of a Contract?

Answer

There are four elements of a contract that make it legally binding. Without all four of these elements the contract will not stand in a court of law. The first element is the offer. The offer has a clearly defined time limit and a clear offer. The next element to a contract is acceptance. The offer must be accepted without conditions. The third element of a contract is intention of legal consequences.. The final element of a contract is consideration. This means the offer is accepted and something is done in return like a monetary payment.
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