EFVV Ukraine Practice Questions - EFVV - Unified Professional Entrance Examination (Ukraine) Exam

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In civil contract law, what constitutes an 'essential element' (essential condition) required for a contract to be deemed legally valid and binding?

The exact legal fees paid to the drafting notary public Agreement on the subject matter of the contract and all terms specified by law or requested by either party Inclusion of a mandatory arbitration clause governing future disputes Registration of the contract with the international commercial court

Correct Answer:

Agreement on the subject matter of the contract and all terms specified by law or requested by either party

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