. For this journal entry, think about a personal experience where you entered into a contractual agreement with a company (for example, many of you have a contract with a cell phone provider, credit card company, or your bank, etc.) Think about the first 2 elements of a contract (i.e. consensus-offer and acceptance; and consideration) and explain how they were satisfied in your case to create a valid contract You will be using the same case to prove the remaining elements in the Chapter 7 journal entry . NOTE: just naming the applicable test(s) is not sufficient; you must EXPLAIN how the test(s) can be applied specifically to the contract you have chosen