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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Module 6-Contract (Initial Post)

Module 6-Contract (Initial Post)

Q Discuss whether or not there is a valid contract between Adam and Bill. In your answer, make sure you address ALL the elements of a contract (Offer, Acceptance, Consideration, Legality and Capacity) and any other legal issues that were discussed in your book and Dr. Switzer's lectures (ie -- unilateral v. bilateral, executed v. executory, etc.

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Contracts are defined as official agreements. It can be found either in the written or in oral form. Also a contract can be written by utilizing certain formal or may be informal terms, or it may even be entirely in a verbal form. Thus, a contract can be defined as a form of promise that has been established between two parties that further allows the Court to make appropriate judgment. The elements of a contract that makes it a valid one has been described below: