Consensus is the basis for every contract to be valid and enforceable. Consensus can only be reached if certain requirements are met.

Which ONE of the following statements is INCORRECT ?

Question

Consensus is the basis for every contract to be valid and enforceable. Consensus can only be reached if certain requirements are met.  
 
 Which  ONE  of the following statements is  INCORRECT ?

Answer

A contracting party’s intention cannot be made known to the other party orally.

Answer

The parties must have a common intention.

Answer

Each party must make its intention known to the other party by way of declaration of intention.

Answer

Each party must have the serious intention to be contractually bound.

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Consensus is the basis for every contract to be valid and enforceable. Consensus...

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