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1. Name five elements of a contract and define each. 2.Explain the rationale behind the objective test of contract formation. 3.When does a breach of

1. "Name five elements of a contract and define each."

2."Explain the rationale behind the objective test of contract formation."

3."When does a breach of contract occur?"

4. "What are the ways in which parties to a contract may be discharged from their obligation to perform by operation of the parties? By operation of law?"

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