Arrange in sequence, the steps of formation of a contract.

A. Consideration
B. Proposal
C. Acceptance
D. Agreement

Choose the correct answer from the options given below:

B, C, D, A

The correct answer is Option (1) → B, C, D, A

Here's a breakdown of each step:

1. Proposal (B): One party (the offeror) makes a clear and definite offer to another party (the offeree).
2. Acceptance (C): The offeree accepts the offer unconditionally and without any modifications.
3. Agreement (D): When the offeror and offeree have agreed on all the essential terms of the contract, an agreement is formed.
4. Consideration (A): Each party must provide something of value to the other party in exchange for their promise. This is known as consideration.