Question: In this activity, you will learn how to ( 1 ) recall how contracts enable individuals and businesses to create private law; ( 2 )

In this activity, you will learn how to (1) recall how contracts enable individuals and businesses to create private law; (2) utilize an objective standard to determine whether a valid offer is present in a given situation; (3) utilize an objective standard to determine whether a valid acceptance is present in a given situation; (4) determine whether consideration is present in a given situation; and (5) determine whether an individual has the requisite capacity to enter into a contract.

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