To make a simple contract valid, the intention must be?
Answer Details
To make a simple contract valid, the intention must be legal and binding. A contract is a legally binding agreement between two or more parties, which outlines the terms and conditions of a particular transaction or relationship. For a contract to be valid, it must be formed with the intention of creating a legally binding relationship.
This means that both parties must have a clear understanding of the terms and conditions of the contract, and they must agree to be bound by them. The terms of the contract can be verbal or written, but it is always advisable to have a written contract to avoid any misunderstandings or disputes in the future.
Additionally, the terms of the contract must not violate any laws or regulations, and the parties must have the legal capacity to enter into the contract. For example, minors and individuals who are mentally incapacitated may not have the legal capacity to enter into a contract.
Therefore, the correct answer is that for a simple contract to be valid, the intention must be legal and binding.