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What are the elements of a contract? How does it differ from a gift? Can an...

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Accounting

What are the elements of a contract? How does it differ from agift? Can an advertisement ever be a contract? When?

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Main Elements of a contract a Offer and acceptance of offer Contract starts with an offer and acceptance of such offer After accepting the offer it would become an agreement and when legal enforceiablity is added to the agreement it would become a contract b    See Answer
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