Explain the inpartake of the essential denuts required for the fomation of a valid contradiscushastheffeifanyfthessentildmeistotallyse(it) Acquiact is an agreement nade between two or more individuals or business atities for anexchange of anact or poise whichthe lawwill en face Any contract is established an foundation, those foundations are the essential elements indved in foning alegal contact. For acontract to be valid, these three derre ts must be presat: consent of the contracting parties, duject certain which is the subject matter of the contractdausetthebligatwhilestablished If any of these essential elements is totally absent, the contract is considered inexistemvalid ) Thstudedroubdabluexple(whaonstitantaliconsedwhaonstitute avdidaceptare (3 whois andfer considered to have been validy accepted and (4) whattheffeifthereno/alioffamdcceptathbetudeshouldablecite thapplicablevisiondehCiviloddthPhilippines 1) It is essential for comsat to be given propaly that is givenby two a ne competet parties, fredy spontaneously and inteligently, and thet te intention of the parties had beenleardyanmistakenbdressed 2) Acceptanthe manifestation by the offeree of his asset to the tens of the offer. Without aceptare there canno meeting of the minds between parties. Acceptance of offer must be abslute, it must be ida tical in all respects with that of the offer so as to produce consent. An acceptance may be express in aal a witten fama may be implied one that is inferred fromact or condit. The natter of aceptare may be fixed by the offerer. The pasonmaking the offer nay pesoibe de tine, place addenana ofacceptance