What are 6 requirements of a contract?

Answer 1

Agreement

Consideration

Intention to create legal relations

Certainty

Capacity

Formalities

Answer 2

The 6 elements are -

(1)Offer, (2)Acceptance, (3)Consideration, (4)Capacity of the Parties to Contract, (5)Intent of the Parties to Contract, (6)Object of the Contract .

Answer 3

Hey, i dont know whether your from the US, but in Aus there are 5 elements:agreement (offer, acceptance, certainty of terms etc), consideration (price paid for a promise), intention to create legal relations, capacity to contract (ie minors, bankrupts, mental disimpairment, drunkeness etc), & formalities (only with land & contracts of guarantee)

that probably wont help much if you're from America, coz the laws are slightly difference.

catchya

In the US there are six elelments:

Agreement - an offer and an acceptance are included in an agreement to form a contract. An offer by one party to enter into a legal agreement and an acceptance of the terms by another.

Consideration - Something of value passing from one party to another in return for a promise to do something.

Contractual capacity - the parties must be legally capable of entering into a contractual relationship.

Legality - the object or the purpose of the contract must be legal and not against public policy.

Voluntary consent, or genuineness of assent - the consent of the parties must be genuine. The contract must be a genuine expression of the intentions of the parties.

Form - the contract must be in whatever form the law requires.

Answer 4

I would not necessarily say that there are 6 elements in a contract and they requirements depend on the nature of the contract but generally speaking there are certain features that are required in order to make a contract enforceable. n order to be enforceable, contracts require the following elements:

* Mutual Assent:this means that the parties involved have a shared understanding as to what the contract covers. For example, in a contract involving a model,if one party thinks the contract is for a model car and the other thinks it's for a supermodel, there is no mutual consent and the contract probably will not be enforceable.

* Offer and Acceptance:One party must make an offer, or a communication of the intent to be bound by a contract. The other party must accept, or assent to the terms offered. See also alternatives to acceptance.

* Consideration: the mutual exchange of something of value. Note that even though there may be no mutual consideration, there are rare cases where a mere one-sided promise can be enforced. See detrimental reliance.

Answer 5

Agreement - An agreement consists of both an offer and an acceptance, or can be defined as a meeting of the minds (consensus ad idem).

Consideration - According to Sir Frederick Pollock in Principles of Contract, 'an act of forbearance or the promise thereof is the price for which the promise of the other is bought, and the promise thus given for value is enforceable.'

Intention to create legal relations - The general (but rebuttable) presumption is that social and domestic agreements are not contractually binding, but that commercial or business arrangements are.

Certainty - A contract must be expressed in sufficiently clear and precise terms for it to be given meaning by a court.

Capacity - Minors, drunks, and mentally ill people may in some cases be incapable of entering into a contract.

Formalities - Some contracts have to be in writing to be effective.

Answer 6

Agreement

Consideration

Intention to create legal relations

Certainty

Capacity

Formalities

Answer 7

What r the 6 element please descibe them