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CIPS L4M3 Exam - Topic 8 Question 74 Discussion

Which of the following are always considered as minimum preconditions for a contract? Select TWO that apply:
D) Consideration and E) Intention to be bound
A) Specification
B) Promise
C) Omission

CIPS L4M3 Exam - Topic 8 Question 74 Discussion

Actual exam question for CIPS's L4M3 exam
Question #: 74
Topic #: 8
[All L4M3 Questions]

Which of the following are always considered as minimum preconditions for a contract? Select TWO that apply:

Show Suggested Answer Hide Answer
Suggested Answer: D, E

In order to form a contract to come into being, there are five conditions:

- Offer

- Acceptance

- Consideration

- Intention to be legally bound

- Capacity to contract


LO 1, AC 1.2

by Lelia at May 31, 2026, 06:45 AM

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German
8 hours ago
I feel like both specification and consideration were emphasized in our practice questions, but I can't decide which one to pick.
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Felicidad
6 days ago
Omission sounds familiar, but I can't recall if it's a precondition or just something we talked about in relation to contract breaches.
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Ammie
11 days ago
I remember discussing intention to be bound in class, so that might be one of the answers too.
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Vilma
16 days ago
I think consideration is definitely one of the minimum preconditions, but I'm not sure about the second one. Maybe promise?
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