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four elements of a contract are offer and acceptance, consideration, capacity to contract and intended to be legally binding. Before offer and accetance you must have agreement. Consideration is the money part altough in Australia it may be something of value even an act for an act,Capacity means simply that you can only have a contract with someone who ia of age, understands the implication of what they are doing, they are not disabled by language barriers or limited education or that they are being forced in some way.

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6mo ago

The four elements of a contract are offer, acceptance, consideration, and legal intent. An offer is a promise to do something or to refrain from doing something in exchange for something else. Acceptance is the agreement to the terms of the offer. Consideration refers to the exchange of something of value between the parties. Legal intent means that the parties must have a legal purpose for entering into the contract.

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Q: Four elemenys of a contract
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