Question

What are the four requirements of a legally binding contract quizlet?

I would like to ask this question from Insurance

The question was posed to me in semester exam.

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Answer 1

The correct answer by me is: However, in order for a contract to be legally binding and enforceable, there are four requirements: (1) legally competent parties, (2) mutual consent between the parties, (3) lawful objective, and (4) sufficient consideration. Which of the following is not a remedy for breach of contract?

The title of my answer is Principles Q4 Flashcards | Quizlet