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. consensusoffer and acceptance; and consideration) and explain how they were satisfied in your case to create a valid contract

For this journal entry, write about the same personal experience with a contract that you wrote about for the Chapter 6 journal entry; however, this time, focus on the remaining 3 elements of a contract:

Capacity

Legality

Intention

In the end, you should be able to prove that a valid contract at law exists because all 5 necessary elements of a contract were satisfied