Practice Quiz

Paralegal

Category - Legal System

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Under American law, the basic elements of a contract are ________________, _______________, _______________, and ________________.
  1. Duty; breach of duty, causation; damages.
  2. A writing; signatures; consideration; no defenses to formation.
  3. Offer; acceptance; consideration; no defense to formation.
  4. Formation; conditions; discharge of duties; performance.
Explanation
Answer: C - Offer; acceptance; consideration; no defense to formation. These are the basic elements of a contract recognized by all jurisdictions in the American legal system.
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