Review this excellent article that explains all relevant aspects of a contract.
Next, view this video that details the concept of consideration.
What must occur/exist in order for a contract to be legally enforceable? Explain this in your own words.
Next, discuss a time when you (or a friend/family member) entered into a contract where a breach was suffered. What was the remedy in the case? Were you satisfied with the outcome? Why or why not?
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