Question: Regarding the elements of a valid contract: a. What are the five, and sometimes six, elements that are said to be essential for a valid

Regarding the elements of a valid contract:
a. What are the five, and sometimes six, elements that are said to be essential for a valid contract?
b. In which of the six elements does the law permit performance or execution at the option of one of the parties who might have legally withdrawn without liability? Explain.

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a The five essentials of a valid contract are 1 Competent parties 2 Mutual agreement offer and accep... View full answer

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