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Even if the previously mentioned elements are present, a contract will not be valid unless the parties to the contract have the capacity to contract.
An offer can be in writing, oral or made by action and can be made to: an individual, a specific group or the world at large.
An agreement is made when one party (the offeror) makes an offer to the other party (the offeree) and the offeree accepts the offer.
Example?
The last requirement in a contract is the legality of the contract.
If the subject matter of a contract is illegal, it will not be enforced by the courts because the contract may include committing a crime which is clearly illegal
When is a mistake?
A contract can be defined as an agreement between two or more parties that create rights and obligations that are enforceable by law.
What is intention?