- Frequently Asked Questions -

- Contract Law -

Question

Does a contract have to be in writing to be enforceable?

Answer

No, not necessarily. However, some contracts require a writing like in the case of marriage, contracts that would take over one year to complete, land contracts, executor of estate contracts, goods valued at $500.00 or more, and surety contracts.

Question

What are the elements of a contract?

Answer

The three elements of a contract are: (1) Offer; (2) Acceptance; and (3) Consideration.