A valid contract requires all of the following EXCEPT:
A.
Offer and acceptance
B.
Competent parties
C.
Consideration
D.
Written evidence
The Answer Is:
D
This question includes an explanation.
Explanation:
Comprehensive and Detailed Step by Step Explanation:To be legally enforceable, a contract must meet the following requirements:
Offer and acceptance (A):One party must propose terms, and the other must agree to them.
Competent parties (B):Individuals must have the legal capacity to enter a contract (e.g., not minors or mentally incapacitated).
Consideration (C):Each party must provide something of value (e.g., money, services, or promises).
Written evidence (D)is not required for all contracts, as some verbal agreements are enforceable depending on the type of contract (except for specific cases like real estate).
References: Maryland Contract Law Principles.
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