The questions are as follows:
i. What is a contract? What is the objective theory of contracts?
ii. Discuss the four elements that are required for the formation of a contract.
iii. Outline the elements necessary for an effective offer. Provide examples of non-offers.
iv. Explain how shrink-wrap and click-on agreements differ from other contracts. Discuss how traditional law have been applied to these agreements.
v. What is consideration? Discuss what is required for consideration to be legally sufficient.
Each response should be a paragraph and substantiated by at least one references.