List and briefly describe the four basic elements of a valid contract. $(8$ pts$.)$

$2.$ Explain briefly the concept of duress in contract law. $(2$ pts$.)$

$3.$ Describe a short scenario where undue influence would potentially make a contract voidable. $(2$ pts$.)$

What is the general rule regarding contractual capacity and minors? $(2$ pts$.)$

$5.$ Define$/$briefly explain the element of consideration in contract law. $(2$ pts$.)$

$6.$ Provide an example of an illusory promise in contract law. $(2$ pts$.)$

$7.$ What is the basic rule regarding legality in contract law? $(2$ pts$.)$

$8.$ What is an unconscionable contract? $(2$ pts$.)$