Law · Indian Contract Act
Read the following statements regarding essential elements of a valid legal contract: A. There must be an agreement involving two parties, where one party makes an offer and the other accepts it. B. The parties must intend to create a legal relationship. Identify the CORRECT statement(s).
- 1Neither A nor B
- 2Only A
- 3Both A and B✓
- 4Only B
Correct answer
Both A and B
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