The Basic elements required in a contractual agreement are:

1) Offer and the

2) Acceptance of that offer

3) Consideration: something of value exchanged between the parties to the contract

4) Capacity: the parties to the contract are of legal age, sober and sane

5) Intention: no one can be forced or pressured into a contract - also called Genuine consent

6) Legality - cant enforce a contract for an illegal act

PART A

You have just booked a room at the Delta Waterloo for this evening the room rate is $150.00.

You provided your credit card number and details to the reservation agent to guarantee your reservation. You agreed to check into the hotel prior to the 6PM reservation cancellation deadline.

• Describe the 6 elements of the reservation contract you have just made. Which of the 6 if any are present and why? Which are not present and why?
• Identify which party has made the offer and which party has accepted.