Asked by Taylor Morrison on Jun 16, 2024
Verified
In addition to the four basic requirements of a contract, which of the following must also occur in order to have a valid contract?
A) The agreement must always be in writing.
B) All terms of the agreement must be clearly indicated.
C) There must be an absence of invalidating conduct.
D) A legal remedy must be available for there to be a breach.
Invalidating Conduct
Actions or behaviors that can nullify or make a legal agreement unenforceable.
Legal Remedy
The means by which a court of law enforces a right, imposes a penalty, or makes another court order to impose its will.
Basic Requirements
Fundamental conditions or criteria that are essential for a process, agreement, or system to be legally valid or operationally effective.
- Describe the basic requirements for a valid contract including the necessity of absence of invalidating conduct.
Verified Answer
JR
Johanathan RobertsJun 22, 2024
Final Answer :
C
Explanation :
C) There must be an absence of invalidating conduct, such as fraud, duress, undue influence, or misrepresentation, for a contract to be considered valid. This ensures that all parties enter into the agreement freely and with full knowledge of the terms.
Learning Objectives
- Describe the basic requirements for a valid contract including the necessity of absence of invalidating conduct.