Question: Q1) What are the essentials of a legally binding contract? Briefly explain

Question:

Q1) What are the essentials of a legally binding contract? Briefly explain

Expert Answer:

FIVE ELEMENTS OF LEGALLY BINDING CONTRACT ARE MADE UP OF
1.an offer: an offer is a verbal or written promise to take same
action or to refrain from acting in exchange for a set of agreed
upon the terms.
2.acceptance : just as offer can be verbal ,

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