1. Explain consensus, its importance in contract law, and how such consensus is reached. 5 2. What must be contained in the offer for it to constitute an offer capable of being accepted as a contract?What must be contained in an offer for it to form a binding contract? 5 3. Distinguish among negotiation, mediation, and arbitration, and indicate the advantages and disadvantages of alternate dispute resolution over litigation. 5 Tip: Support your answer with Canadian Law references. Support your answer with analysis and examples. - 1 Pages Each. Font size 12 with single spacing. No Cover pages