Question: 1 . Since this chapter is primarily definitions that are significant to business contracts, please explain ( in as much detail as possible ) ,

1. Since this chapter is primarily definitions that are significant to business contracts, please explain (in as much detail as possible), what is a contract and how are contracts interpreted in the eyes of the law?
2. In your narrative, please be sure to include definitions and/or examples explaining the following:
A. Elements required for a valid contract
B. Unilateral/bilateral contracts
C. Express and implied contracts
D. Valid, void, voidable contracts, and Quasi contracts.

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