Question

Please choose that whether below falls in a valid contract or not?
You have agreed to watch your neighbor’s home while he is away on vacation. Your neighbor often watches your home while you are away and promises to watch your home the next time that you leave town.

Answer 1

Answer:

The scenario does not show a valid contract

Explanation:

A  valid contract occurs when there is an agreement supported by legally sufficient consideration for a legal purpose and made by parties who have the legal capacity to enter into a contract.  The above scenario does not meet one of the necessary elements that make a contract valid  which is agreement (offer and acceptance), as this seems to be one sided with the neighbour promising to watch your home.