Question: What are the elements needed to form a contract? Is an agreement to meet in the park at noon enforceable? Why? Why not? What is

What are the elements needed to form a contract?
Is an agreement to meet in the park at noon enforceable? Why? Why not?
What is a Purchase Order?
How would you characterize the terms of a Purchase Order?
Is there a difference between a purchase order (invoice) and a contract? If so, compare the two instruments and outline the difference between the two. Please outline the advantages and disadvantages of each.

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