Which of the following is a requirement for a valid contract to be enforceable?

A valid contract must contain several essential elements to be enforceable, and mutual agreement is one of the fundamental requirements. This concept refers to the mutual assent or meeting of the minds between the parties involved, meaning that both parties must agree on the terms and conditions of the contract. This agreement is typically manifested through an offer made by one party and an acceptance by the other.

Mutual agreement ensures that all parties understand and accept the same obligations and rights outlined in the contract. Without this shared understanding, there can be no enforceable agreement, as one party might have entirely different expectations about the terms than the other.

While written documentation, good faith, and unilateral assent may be relevant in certain contexts, they are not universally required for all contracts. For example, many contracts can be legally binding without being in writing, as oral contracts can also be enforceable depending on the circumstances. Moreover, while good faith is important in the execution of contracts, it is not a prerequisite for their formation. Unilateral assent refers to situations where only one party expresses agreement, which does not fulfill the necessity for mutual consent needed for a valid contract. Therefore, mutual agreement stands out as a critical component for enforceability in contracts.