PART $1$: Contract Definition

Task:

Identify the elements that must be present for a legal contract to exist. Define each element using examples.

Requirements:

Identify the elements of a legal contract.

Define each element.

Provide an example for each element.

Include reference citations as appropriate.

Inspiration:

When writing your response, think about the understanding of contract law

Have you defined the elements of a legal contract?

Have you used examples from the scenario to illustrate these elements?

Identify and define elements of a legal contract below: