have an enforceable contract there must be mutual assent of two or more parties who
to contract and
there must be consideration.
mutual assent is generally based on one party’s offer and another
party’s acceptance. To have the capacity to contract, a person must
the age of legal majority and must be mentally competent.
is often thought of as being synonymous with money, but it can involve an exchange of benefits between
parties, a promise, or even forbearance.