The Two Basic Elements Of Consideration Are Intention And Agreement. Group Of Answer Choices

Difficulties of interpretation do not prevent the conclusion of a contract: if the intentions are so ambiguous, it is not possible to extract a clear meaning preventing it from being a contract. (The constitution of a contract, instead of simply reaching an agreement, in the strict sense of the term, requires the presence of the other three elements listed above: (1) consideration, (2) for the purpose of creating a legally binding contract and (3) contractual capacity) as soon as the fundamental elements of the offer, acceptance, consideration, of the intention to be legally bound and the capacity are present, within the framework of the contractual relationship a number of legal consequences are created. The assessment of the intention to be legally bound is usually assessed on the basis of an objective test: if a reasonable viewer is of the opinion that the parties intended to do so, the parties are bound.