Under Utah law, what constitutes an enforceable contract?

Under Utah law, what constitutes an enforceable contract?

• A. A mutual agreement and consideration
• B. A written document signed by both parties
• C. An offer, acceptance, and legality of purpose
• D. A promise and a witness signature

Answer: (A)

Under Utah law, an enforceable contract typically requires a mutual agreement and consideration. Mutual agreement is often established through an offer made by one party and an acceptance by another, demonstrating that both parties intend to enter into a binding agreement. Consideration refers to something of value that is exchanged between the parties, which can be a promise, service, money, or goods. Without consideration, a contract may not be enforceable as it lacks the necessary element of a legal exchange. While a written document signed by both parties can strengthen the enforceability of a contract and serve as evidence of the agreement, it is not a strict requirement for all contracts, particularly for those that do not fall under the statute of frauds, which mandates certain contracts to be in writing to be enforceable. Similarly, while the elements of offer, acceptance, and legality of purpose are crucial for establishing a valid contract, simply having these elements does not encompass the entire definition of an enforceable contract in Utah law, particularly highlighting the necessity of consideration. Regarding a promise and a witness signature, while having a witness can provide evidentiary support, it is not among the fundamental requirements for contract enforceability. Thus, the most comprehensive choice that captures the essence of what constitutes an

Under Utah law, an enforceable contract typically requires a mutual agreement and consideration. Mutual agreement is often established through an offer made by one party and an acceptance by another, demonstrating that both parties intend to enter into a binding agreement. Consideration refers to something of value that is exchanged between the parties, which can be a promise, service, money, or goods. Without consideration, a contract may not be enforceable as it lacks the necessary element of a legal exchange.

While a written document signed by both parties can strengthen the enforceability of a contract and serve as evidence of the agreement, it is not a strict requirement for all contracts, particularly for those that do not fall under the statute of frauds, which mandates certain contracts to be in writing to be enforceable.

Similarly, while the elements of offer, acceptance, and legality of purpose are crucial for establishing a valid contract, simply having these elements does not encompass the entire definition of an enforceable contract in Utah law, particularly highlighting the necessity of consideration.

Regarding a promise and a witness signature, while having a witness can provide evidentiary support, it is not among the fundamental requirements for contract enforceability. Thus, the most comprehensive choice that captures the essence of what constitutes an