QUESTION ONE

$[30]$

$1\mathrm{.}1$ Your law firm receives an instruction from a new start up business client, to be advised on contracts and the specific requirements for a valid contract. You are required to provide a legal opinion for your new client. You can include $($but are not limited to$)$ the following aspects for your legal opinion:

$>$ Know the requirements of a valid contract

$>$ Know the essential elements of a valid contract

$>$ Understand the binding nature of contracts

$>$ Understand what obligations arise from a contract, both written and unwritten

$>$ What would amount to void and voidable contract

Please note:

Your legal opinion should not exceed $10($ten$)$ typed pages and $12($twelve$)$ written pages.

Make use of size $11$ Arial font with $1\mathrm{.}5$ line spacing.

Please number the pages.

Language and grammar must be of an acceptable standard

Include and cite any applicable case law.