Elements of a contract Flashcards
1
Q
Agreement
A
Is there any agreement existed between the parties?
2
Q
Intention
A
Is any such agreement intended to be legally binding?
3
Q
Consideration
A
Is the agreement supported by consideration?
4
Q
Capacity
A
Do the parties have the legal capacity to enter the contract?
5
Q
Formularities
A
Has the contract complied with any required formalities?
