Answer the following questions using references to the text (or other reputable sources) and showingan understanding of the material presented as well as critical thinking skills regarding the subject matter. Support and clear logic paths should be present for all of your ideas.

Review the section on the necessary elements to establish a contract.

Think of agreements that we enter into throughout our lives (marriage, jobs, parenting, friendships, helping people move, etc.). Describe these agreements by pointing out how each of the required elements of a contract (Offer, Acceptance, Consideration, Legality, Capacity, Consent, Writing) are or are not satisfied. What remedies are available if these contracts are breached?

*Your writing must clearly demonstrate understanding of each element and how they are applied to contract situations, both formal and informal.*