Which of the following is NOT an element of an enforceable contract?

Question

Capacity

Mutual Assent

Legality

Fairness

Answer 1

The element that is NOT a requirement for an enforceable contract is Fairness.

An enforceable contract typically requires the following elements:

1. Capacity: The parties must have the legal ability to enter into a contract.
2. Mutual Assent: There must be an agreement between the parties, usually evidenced by an offer and acceptance.
3. Legality: The contract's subject matter must be legal.

Fairness, while it can be a consideration, is not a necessary element for a contract to be enforceable.