ELEMENTS OF A CONTRACT

For a contract to be legally binding, offer intention price and acceptance must be in place. A contract is made when an offer of one party is accepted by the louisianahunts other party. Not all people are allowed to a valid contract. There are a group of people that are supposed to be dealt separately, they include young people people with mental impairment bankrupts prisoners and corporations. A contract has four elements namely the offer consideration acceptance and mutuality. Offer is defined.