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