Which of the following is required for a valid contract in Arkansas?

For a contract to be considered valid in Arkansas, mutual consent is essential. This means that all parties involved must agree to the terms of the contract and have a clear understanding of what they are committing to. Mutual consent is often demonstrated through an offer and acceptance, where one party presents terms that the other party accepts. This mutual agreement is fundamental to ensuring that the contract is enforceable, reflecting the intention of the parties to enter into a binding agreement.

While some contracts may require additional elements such as witness signatures, notarization, or written documentation, these are not universally necessary for all contracts under Arkansas law. For instance, many verbal agreements also constitute valid contracts if they meet the criteria for mutual consent. Therefore, in the context of establishing the validity of a contract, mutual consent stands out as the primary requirement.