Multiple choice general knowledge

Mention the Requirements for the valid contract? i. Mutual Assent ii. Contractual Capacity iii. Legally Adequate Consideration iv. Lawful Purpose

  1. Only i & ii are correct

  2. Only ii & iii are correct

  3. All the options are correct

  4. Only i & iv are correct
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A valid contract requires four essential elements: mutual assent (offer and acceptance), contractual capacity (legal ability to contract), legally adequate consideration (value exchange), and lawful purpose. All four are necessary for enforceability.

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