Essay Type Question: Explain the elements of a valid legal contract. 1) The offer can be revoked at any time before acceptance but revocation must be actually received. "the different stages as to when an offer is no longer capable of acceptance 2) For acceptance talk about Neal v Merritt that it must correspond with the term of the offer- speak to general rule that acceptance must be communicated "Felthouse v Bindley. Speak to exception of communication- Carlill v Carbolic Smoke Ball Co (1893) and Adams v Lindsell. Then talk about consideration, what is consideration, the price paid for the promise- Dunlop v Selfridge (1915) is the case to refer to. Talk about the different types of consideration- executory, executed and past consideration. And speak to rules relating to consideration such as performance must be legal, performance must be possible, consideration must move from the promisee, consideration must be sufficient but need not be adequate. Smoke Ball Co. (1893)