Integrity is not a basic element of a valid contract.
The four basic conditions or elements that a contract must meet in order to be binding: 1. the agreement, 2. the consideration, 3. contractual capacity, 4. legal object.
The proposition and acknowledgment together constitute the agreement.
the anticipated trade or what each party gets in return for his promise under the agreement consideration.
individuals suffering from psychological sickness, intoxicated persons, those under the time of greater part don't have a limit.
legal objects to be enforceable, the agreement can't be either illegal or against public policy .
Contract is a promise enforceable by law. The promise might be to follow through with something or to avoid following through with something. The creation of an agreement requires the shared assent of at least two persons, one of them normally making a proposition and another tolerant.
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