Which of the follow are the basic elements of a contract? Select one: a. Offer and acceptance b. Capacity and agreement c. Offer, acceptance, and consideration d. Offer, agreement, and capacity

• Offer, acceptance, and consideration

Explanation:

A legally binding contracts needs three basic elements. They are an offer, consideration, and acceptance. An offer is made by the offeror, and is either rejected or accepted by the offeree. Consideration is something of value that both parties will gain through the contract. If there is no offer, acceptance and a consideration, then contract is not binding.