Which one of the following elements is not necessary for a contract?Question 4Answera. Competent partiesb.Lawful concentration.c.Reasonable terms and conditionsd.Free consentClear my choice
Question
Which one of the following elements is not necessary for a contract?Question 4Answera. Competent partiesb.Lawful concentration.c.Reasonable terms and conditionsd.Free consentClear my choice
Solution
The element that is not necessary for a contract among the options provided is c. Reasonable terms and conditions.
Here's why:
a. Competent parties: This is necessary. Both parties entering into a contract must be competent, meaning they are of legal age and sound mind.
b. Lawful concentration: This seems to be a typo. If it's meant to be "lawful consideration," then it's necessary. Consideration refers to what each party gives to the other as part of the agreement. It must be lawful.
c. Reasonable terms and conditions: This is not necessary. The terms and conditions of a contract do not have to be "reasonable" in the sense that they are fair or balanced. They just need to be agreed upon by both parties.
d. Free consent: This is necessary. Both parties must enter into the contract freely and without coercion, fraud, or misunderstanding.
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