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Explain the four elements of a contract

Question 1: What are the four elements of a contract? and why are they important to a valid contract?

Question 2. When must a contract be in writing? Is this more important in some contracts than others? why or why not?

Question 3. What is legal capacity? Do you have legal capacity to enter into contracts? Why or Why not?

Question 4. What is the UCC application? Versus the common law application.

Question 5. What is the mailbox rule?

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Business Law and Ethics: Explain the four elements of a contract

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