What are three characteristics of a simple contract?

Answer 1

A contract is simply another word for an agreement. The characteristic of a contract is that some course of action has been agreed to.

Two or more parties agree that each party will do something, or, a person might make a contract with themselves, or between themselves and God, or a saint; for example, you might promise yourself that if you get something you really hope for you'll do something special in return.

This kind of contract is probably not honored very often.

Mozart made a promise - what he called a 'moral committment' - to write a mass if his fiancee recovered from an illness. She did recover, and they married, and though he began to write the promised mass, his Mass in C Minor, he never finished it.

Whether a contract, or agreement, reached is between two or more people, companies, or countries, or between one person and themself, that agreement is still a contract.

Whether a contract is in writing or verbal, or simply a handshake or a mental promise, it is a contract - an agreement.

Whether that contract is enforceable is another matter and more details are needed if comment and information is required on the legitimacy and enforceability of contracts.

Answer 2

The three basic characteristics of a simple contract are legality, the offer, and acceptance. A simple contract is legal agreement made between two parties.

Answer 3

offer,,,acceptance...consideration...legal..