Question: Questions: 1. What are the four basic requirements for forming a valid contract? Are there any circumstances in which the court will enforce the parties'

Questions:

1. What are the four basic requirements for forming a valid contract? Are there any circumstances in which the court will enforce the parties' agreement even though it lacks consideration? What defenses can be used against a claim of breach of contract?

2. What is the Uniform Commercial Code (UCC), and to what types of contracts does it apply? How does the UCC affect the common law of contracts? What warranties are presumed to exist under the UCC?

3. Describe the remedies that are available when a contract is breached. What is a specific performance, and in what circumstances is it available?

4. What kinds of electronic contracts do the courts enforce? What constitutes an electronic signature, and what is the legal validity of such a signature? What are the state and federal laws that govern electronic signatures and contracts?

5. List the four major forms of intellectual property and describe what intellectual property is. Why is it an important topic in the law today?

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