1. Identify three essential elements of most contracts.
2. Explain the difference between an offer and an invitation to treat.
3. Explain five ways by which an offer may cease to exist.
4. Explain the effect of a firm offer.
5. Describe the postal rule, and explain when it will apply.
6. Explain the nature of consideration and the role it plays in the formation of contracts.
7. Describe past consideration, and explain why it cannot support a contract.
8. Describe the nature and effect of a seal.
9. Describe the concept of privity of contract, and explain its relationship to the concept of consideration.