What is an essential element of a legally binding contract?*A) Handwritten signaturesB) ConsiderationC) A notarized stampD) Verbal agreement
Question
Solution 1
The essential element of a legally binding contract is B) Consideration.
Here's why:
A contract is a legally binding agreement between two or more parties, and for it to be valid, certain elements must be present. These include:
- Offer and Acceptance: One party must make an offer, and the othe Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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