Question: 1. What are the basic characteristics/ principles of a contract? Please provide example for each characteristic. 2.Please state the general rule for each characteristics/principles of

1. What are the basic characteristics/ principles of a contract? Please provide example for each characteristic. 2.Please state the general rule for each characteristics/principles of a contract and give the exemption/s, if any. 3.Please illustrate or give an example how a contract is undertaken based on the stages of a contract. 4. Please discuss each essential requisites of a contract. 5. Please explain 5 principles on the effects to a contract in the absence or defect of an essential requisite of a contract. 6. Is 'FORM' an essential requisite of a contract? Please explain the answer through an illustration or example. 7. Please give 3 instances when reformation of contract may be done. 8. Please distinguish from each other the various defective contracts ( Rescissible contracts, Voidable contracts, Unenforceable contracts, Void or inexistent contracts). It would be easy form me to understand if it would be presented in tabular form

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