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Prepare a 2–3-page, double-spaced document explaining the essential elements of a contract
and the applicable remedies in the event of a breach. What is required for a
valid offer? How can one accept an offer? What is the concept of consideration
and what form(s) can consideration take in creating a contract? What factors
must be considered in assessing the legal sufficiency of an offer, acceptance,
and consideration in determining whether a contract is enforceable? In the event
that a contract is formed and subsequently broken, what remedies are available
to the non-breaching party under your state’s law?