Multiple choice

One person can contract with himself or with himself and others jointly

  1. no at least two persons or parties must be involved

  2. yes as the contract is between the individual and others jointly

  3. yes if there is a formal agreement

  4. none of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

A valid contract requires at least two distinct parties - there must be an offeror and an offeree. The statement 'One person can contract with himself' is legally impossible because you cannot offer to accept something from yourself - contract law requires two or more persons/parties to create a binding agreement.

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