Question: The three changes that should be made with respect to the elements of contract are: 1. The postal rule of acceptance should be abolished. Why?

The three changes that should be made with respect to the elements of contract are:

1. The postal rule of acceptance should be abolished. Why?

2. The requirement for consideration should be replaced with a requirement for fair and reasonable terms. Why?

3. The rule of privity should be abolished. Why?

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