BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality. In some states, elements of consideration can be satisfied by a valid substitute.

Detailed explanation-2: -An agreement is valid when one party makes a proposal or offer to other party signifies his assent. The following are required for a valid agreement. The agreement must be between two persons. It is required to be between an offeror and an of free, who accepts the o0ffers becomes an acceptor.

Detailed explanation-3: -(h) An agreement enforceable by law is a contract; (i) An agreement which is enforceable by law at the option of one or more of the parties thereto, but not at the option of the other or others, is a voidable contract; (j) A contract which ceases to be enforceable by law becomes void when it ceases to be enforceable.

Detailed explanation-4: -Offer, Acceptance, and Mutual Consent All valid contracts must have a specific offer. An enforceable contract must also include acceptance of the specific offer. Further, both parties to the agreement need to consent to their free will. That means neither party can be forced or coerced into signing a contract.