QUESTION $1$

A valid and enforceable contract must have five $(5)$ elements at common law. Those elements are:

Creates an invitation for acceptance and a duty, and it must contain three elements to be valid: $(1)$ It must show a clear intent to enter into a contract; $(2)$ It must include suffcient and definite essential terms; and $(3)$ must be communicated.

The offeree's assent to the terms of the offeror's offer. It completes the agreement and binds all the parties.

A promise induces a detriment to the promisee, and the detriment to the promisee must also induce the promise from the promisor.

For a contact to be legally enforceable, it must be a contract that is for a good or service that is legally permissible.

A party's legal competence to enter into a contract.

A$.$ Capacity

B$.$ Legality

C$.$ Mutual

D$.$ Bargained for Exchange $($Consideration$)$

E$.$ Assignment

F$.$ Acceptance

G$.$ Offer

H$.$ Written

I. Delegation

J$.$ Irrevocable