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Please provide a brief answer to each of the following questions: 1- What is a contract? 2- What are the elements of a valid contract?

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Please provide a brief answer to each of the following questions: 1- What is a contract? 2- What are the elements of a valid contract? 3. What is the statute of frauds? 4- What is an unilateral contract and what is a bilateral contract? 5. What is an option contract? 6- Is a gratuitous promise of a gift a valid contract? Why

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