The basic elements of a contract are: agreement, consideration, contractual capacity, legality, genuineness of assent, and form. Contract law can ensure compliance with a promise, or if the contract is breached, entitle the non-breaching party to relief. Most contractual promises are kept in the mutual self-interest of the promisor and promisee to keep them. Discuss the contracts you have recently entered into, for instance buying a hamburger, downloading a music file, buying a textbook. Under what circumstances do you think you should be held to these contracts? Under what circumstances do you think you might be excused? In general, under what circumstances do you believe the law should enforce a promise that the promisor does not wish to keep? For instance, if you make plans to meet a friend for lunch, is that a contract? Why