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What are the elements of a contract?

What are the Elements of a Contract?



What are the elements of a contract? | TNG Legal | Attorney Tonya N. Gibbs | | (540) 632-1864 |

Video Transcript

The basic elements of a contract are offer, acceptance and consideration. An offer is someone offering a deal to an individual. The acceptance is the person saying, yes I do want to do that deal. The consideration is the monetary exchange or benefit given to both parties for the contract.



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