Question: Please submit complete, accurate , and specific answers to all the questions below. Use examples whenever possible. Generally, your answers should be at least 25

Please submit complete, accurate, and specific answers to all the questions below. Use examples whenever possible. Generally, your answers should be at least 25 words each.

What is a contract?

What elements must be present to form a legally enforceable contract?

What does it mean to be in breach of contract?

What are the importance of contracts in business? Why do business favor strong enforcement of contract laws by the courts?

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