Which of the following is NOT considered an element of a contract?

The correct choice identifies "Termination" as not considered a fundamental element of a contract. A contract typically comprises several key elements: an offer, acceptance, and legal capacity.

The offer refers to one party's proposal to enter into an agreement, while acceptance is the assent of the other party to the terms of that offer, thereby forming a mutual agreement. Legal capacity pertains to the ability of the parties to engage in a contract, ensuring that they are of legal age, sound mind, and not influenced by factors like duress or coercion.

Termination, while relevant in contract law, signifies the end of a contract or the circumstances under which a contract can be concluded or terminated. It does not represent a foundational component that is required for the formation of a valid contract. Understanding this distinction helps clarify the structure of contractual agreements and their enforceability.