Contract

Which element involves both parties having a genuine intention to create a legal relationship

• Capacity of the Parties

• Consent

• Legality of the Contract

• Intention

Which element requires one party to make an offer, and the other party to accept it?

• Capacity of the Parties

• Offer & Acceptance

• Legality of the Contract

• Intention

What is the term for both parties giving something of value in exchange for the contract?

• Capacity of the Parties

• Consent

• Consideration

• Intention

Which element ensures that parties freely and willingly agree to the terms of the contract?

• Capacity of the Parties

• Offer & Acceptance

• Legality of the Contract

• Consent

Which element focuses on the mental and legal capacity of the parties involved?

• Capacity of the Parties

• Consent

• Legality of the Contract

• Intention

What does the legality of the contract refer to?

• Whether the contract is written or oral

• Whether the contract is long or short

• Whether the contract's purpose and terms are legal and not in violation of laws or public policy

• Whether the contract involves consideration

Which element of a contract ensures that both parties must be of sound mind and not under duress?

• Capacity of the Parties

• Offer & Acceptance

• Legality of the Contract

• Consent

In a contract, what is the term for the process of one party making an offer, and the other party accepting it?

• Capacity of the Parties

• Offer & Acceptance

• Legality of the Contract

• Consent

Which of the following is NOT one of the essential elements of a contract?

• Capacity of the Parties

• Negotiation

• Consideration

• Intention

Based on the video that I have provided, which term will I explain in the next class?

• Contract

• Insurance contract

• Intention

• Consent