What are basic essentials of contract

Question

Accepted Answer

Basic essentials of a contract include offer, acceptance, consideration, intention to create legal relations, and certainty of terms.

Offer: A proposal made by one party to another.
Acceptance: The agreement of the other party to the offer.
Consideration: Something of value exchanged between the parties.
Intention to create legal relations: Both parties must intend to create a legally binding agreement.
Certainty of terms: The terms of the contract must be clear and unambiguous.
Example: A contract for the sale of goods where one party offers to sell a product to another party for a certain price, and the other party accepts the offer and provides payment as consideration.

Accepted Answer

Basic essentials of a contract include offer, acceptance, consideration, intention to create legal relations, and certainty of terms.

Offer: A proposal made by one party to another.
Acceptance: The agreement of the other party to the offer.
Consideration: Something of value exchanged between the parties.
Intention to create legal relations: Both parties must intend to create a legally binding agreement.
Certainty of terms: The terms of the contract must be clear and unambiguous.
Example: A contract for the sale of goods where one party offers to sell a product to another party for a certain price, and the other party accepts the offer and provides payment as consideration.

Accepted Answer

Consent and acceptance are basic essentials of contract

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