Question: Explain the necessary elements for the formation of a contract. Describe the essential elements for mutual consent as required for the formation of a contract.

  1. Explain the necessary elements for the formation of a contract.
  2. Describe the essential elements for mutual consent as required for the formation of a contract.
  3. Discuss the nature of consideration as required for a bilateral contract?
  4. Describe the differences between a material breach and a minor breach.
  5. What are the legal remedies for breach of contract?

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