2 Written questions
2 Multiple choice questions
The agreement must involve both sides receiving something of legal value as a result of the transaction.
To have a completely enforceable agreement, the parties must be able to contract for themselves rather than being forced to use parents or legal representatives.
2 True/False questions
offer and acceptance →
There must be a serious, definite offer to contract. The terms of the offer must be accepted by the party whom it was communicated.
What the parties agree to must be legal. So an agreement to pay someone to commit a crime or tort cannot be a contact.