Which of the following is NOT one of the elements of a legal contract?

Mutual consent is indeed a fundamental element of a legal contract, and indicating that it is not essential is a misunderstanding of contract law principles. A legal contract must involve mutual consent, meaning that both parties agree to the terms outlined and have a shared understanding of their obligations. This agreement is typically demonstrated through an offer and acceptance, where both parties convey their willingness to enter into the contract.

The other elements that are crucial to forming a legally binding contract include a legal purpose, which ensures that the contract is for a lawful activity; consideration, which refers to what each party stands to gain or lose from the contract; and competent parties, ensuring that those entering into the contract are of legal age and mentally capable of understanding the agreement. Each of these elements plays a vital role in validating the contract and protecting the interests of the parties involved.