BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Generally, where it is proven that an agreement was made, the agreement will be deemed as a legally binding contract if the six elements to a contract are present. The six elements are Offer, Acceptance, Consideration, Intention, Capacity, and Legality.

Detailed explanation-2: -If it is proven that an agreement has been reached, the agreement is generally considered a legally binding contract if all six elements of a contract are present. The six elements are offer, acceptance, consideration, intent, legality and capacity.

Detailed explanation-3: -A valid contract requires an offer to be accepted, whereas an invitation to treat is not an essential element of a contract.

Detailed explanation-4: -There are 7 essential elements an agreement must have to be considered a valid contract. The elements of a contract include identification, offer, acceptance, consideration, meeting of the minds, competency and capacity, and legality.