Question: Valid contracts require an offer, an acceptance, and a consideration. Identify these elements in the following cases: a. The purchase of an item at the

Valid contracts require an offer, an acceptance, and a consideration. Identify these elements in the following cases:

a. The purchase of an item at the store

b. The hiring of labor

c. A paid bus ride

d. A construction contract

e. The position of staff member in a firm

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ANSWER In contract law for a contract to be valid three essential elements are generally required an offer an acceptance and consideration Lets identi... View full answer

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