Question: what an offer is and what does acceptance mean in the context of the formation of a contract. How would you explain the term consideration

what an "offer" is and what does "acceptance" mean in the context of the formation of a contract. How would you explain the term "consideration" when analyzing whether a contract exists? Based on your understanding of these concepts, do you believe in Critical Thinking 11.2, Dementas v. Estate of Tallas, an enforceable obligation has been established between the parties obligating Tallas's estate to pay Dementas $50,000. Explain your answer.

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