Elements of a legally enforceable contract


Problem: Understanding the six elements of a legally enforceable contract is an important part of understanding business law. For this, please describe a hypothetical situation in which two parties are in the process of creating a contract. Describe each step of the process, including offers, consideration, negotiations and agreement. Remember to get creative, and keep in mind that you are describing the situation as if it were actually occurring. You may want to create characters and include a dialogue. In your conclusion, please summarize the six elements of a legally enforceable contract.

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Business Law and Ethics: Elements of a legally enforceable contract
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