Oregon Construction Contractors (CCB) Practice Test

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Which of the following is a requirement for a valid offer?

Mutual agreement
Intent
Consideration
Legality

The correct answer is: Intent

A valid offer in contract law is fundamentally defined by the intent behind the offer. The offeror must communicate a willingness to enter into a contract in a clear and unambiguous manner. This intent is essential because it establishes that the offeror is serious about the terms being proposed and is prepared to be bound by them upon acceptance by the offeree. While mutual agreement, consideration, and legality are also crucial components of a valid contract as a whole, they pertain to the status of the contract once the offer is accepted. Mutual agreement refers to the consensus between parties, consideration involves the exchange of value, and legality ensures that the terms of the contract abide by the law. However, none of these can exist without the initial intent to create an offer, making intent a foundational requirement for a valid offer in contract law.