Zusammenfassung der Ressource
ELEMENTS OF A CONTRACT
- COMPETENT PARTIES
- MUST BE OF A LEGAL AGE
- MENTALY COMPETENT
- NOT UNDER THE INFLUENCE
OF ALCOHOL OR DRUGS
- LEGALITY OF PURPOSE
- THE CONTACT MUST BE OF A LEGAL
NATURE, HAVE A LEGAL PURPOSE, AND
CANNOT GO AGAINST THE LAW
- OFFER AND ACCEPTANCE
- THE EXCHANGE OF
VALUE FOR VALUE
- CONSIDERATION
- ONE PARTY MAKES A LEGITIMATE
OFFER AND ANOTHER PARTY MUST
ACCEPT THE OFFER