B. II only. D. All of these. B. qualifying the buyer for credit. C. when listing property for sale. It is said that a valid contract must have legality of object.
All parties are of legal age and agree upon the legal consideration to be paid.
The contract must not be for an illegal purpose or against public policy. Either party has the legal right to cancel the contract, provided legal notice is given. An agreement between competent parties that is legally enforceable. A void contract A. has never been a contract at all. B. entails no obligation by either party.