The elements of a valid contract 1s an offer, acceptance, consideration and intention to contract. An offer and acceptance equals an agreement. While consideration can be defined as something in the eyes of the law which can compensate or be adequate compensation for the promise to do an act. However, consideration is not an essential element in any contractual agreement. Parties to a contract simply have to establish an agreement and consideration can be ignored. Critically discuss. Total 45 marks Requirements 1- An introduction and a conclusion. 2- A critical discussion on the concept of what are the elements of a valid consideration, inclusive of rules governing a valid consideration. Students must produce a case analysis as follows: Assignment 3 between 2000 -3000 words. A bibliography containing all relevant citations in current APA format must be included. Note the requirements of Turnitin below