1. Describe the essential elements required for an enforceable contract. 2 Discuss the difference between simple and formal contracts. Include examples. 3 Consider the problems of frustration and misrepresentation in contract, giving example for each. Be sure to include all areas of frustration and misrepresentation. 4 Discuss remedies available in contract, including those from equity. Include any restrictions on accessing equitable remedies. 5 Identify the range of business practices encompassed by competition law, and the remedies for any breaches