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  • Elements - Ladder

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    A legally binding contract requires an offer made by one party that is accepted by the other party, with both parties intending to be legally bound and each providing consideration. The parties must have the capacity to contract and consent to the agreement for the contract to be valid and enforceable.

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    elements- ladder

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    A legally binding contract requires an offer made by one party that is accepted by the other party, with both parties intending to be legally bound and each providing consideration. The parties must have the capacity to contract and consent to the agreement for the contract to be valid and enforceable.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    104 views1 page

    Elements - Ladder

    Uploaded by

    api-381832809
    A legally binding contract requires an offer made by one party that is accepted by the other party, with both parties intending to be legally bound and each providing consideration. The parties must have the capacity to contract and consent to the agreement for the contract to be valid and enforceable.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Elements of a legally binding contract

    Legality of form

    Capacity to contract

    Consent to contract

    Intention to contract

    Consideration

    Acceptance

    Offer

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