Question: 1 . Define what a contract is . 2 . Identify the sources of contract law. 3 . Explain the elements of a valid contract:

1. Define what a contract is.
2. Identify the sources of contract law.
3. Explain the elements of a valid contract: including a valid offer and valid acceptance.
4. Explain what consideration is.
5. Define an illusory promise.
6. Explain what promissory estoppel is and when can it be used.
7. Describe the primary legal remedies available for a breach of contract.

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