what constitutes a valid contract in pennsylvania?

Answer 1

Generally a contract requires a few things to be valid.

1. Must involve a legal object. You must be making a contract for a legal service, product, or supply.

2. Must have consent. Both parties must agree to the terms of the contract.

3. Both parties must have contractual capacity. Both parties must be able to legally enter into a contract and the contract must be made while neither party is incapcitated or under duress.

4. Must have consideration. There must be something exchanged for the legal object. This could be another object, service, or money.

There are other more specific rules dealing with certain kinds of contracts, but these are the four basic things that define a contract.

Answer 2

I would say that there are five things that you must have for a legal contract. 1. Contractual capacity: both parties must be able to legally enter into a contract at the time the contract is made 2. Offer: There must be an offer that is made 3. Legal object: The object in the contract must be legal 4. Acceptance: Both parties understand and agree to the terms 5. Consideration: There is an exchange of money, goods, or services for the legal object