Multiple choice

An essential part of a contract is that

  1. there should be a vaild acceptance

  2. there should be a physical product to transact

  3. both parties should live in Sri Lanka

  4. the agreement entered should be certified by an attorney at law
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

In order to create a valid contract, there must be a 'lawful offer' by one party and 'lawful acceptance' of the same by the other party.

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