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What is a contract? What is the objective theory of contracts? ii. Discuss the four elements...

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General Management

What is a contract? What is the objective theory of contracts?ii. Discuss the four elements that are required for the formationof a contract. iii. Outline the elements necessary for an effectiveoffer. Provide examples of non-offers. iv. Explain how shrink-wrapand click-on agreements differ from other contracts. Discuss howtraditional law have been applied to these agreements. v. What isconsideration? Discuss what is required for consideration to belegally sufficient.

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Contract It is an agreement between two or more people or entities that creates a legal duty or responsibility Elements of contract Offer and acceptance Consideration A meeting of the minds    See Answer
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