In 2011, after many years of searching, my wife and I ultimately discovered a property that we were both eager to purchase. This property is a front to back split-level house with four bedrooms and three bathrooms. It also has a two-car garage, a spacious backyard, and a driveway that can accommodate up to four cars. This house has a total area of little more than 2000 square feet, including an attic and a full basement. We were the second couple to see this home, but we were the first to make an offer on the house. Initially listed for $379,900, we submitted an offer of $370,000. After a little negotiation, we reached a mutually agreed selling price of $372,000. The transaction was finalized just over 2 months later. In our mortgage contract we accepted HUD FHA loan. In your description, be sure to provide specific contractual details including parties and subject matter involved. Define the five essential elements of an enforceable contract. Describe how each essential element applies to your example. Explain the circumstances of a breach of contract in your example. Discuss possible remedies