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Explain the concepts of agreement, consideration, capacity, and legality in the formation of contracts. Are oral contracts generally enforceable? When are oral contracts not enforceable?

Explain the concepts of agreement, consideration, capacity, and legality in the formation of contracts.
Are oral contracts generally enforceable? When are oral contracts not enforceable?
What are the limitations upon using specific performance?
What is the principle of mitigation of damages?

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