The Definition of a Contract if you are going to work in business or sales, your job might involve entering into contracts with other businesses individuals. Contracts play a fundamental role in business after all, almost all business relationships are created by contracts. Having a basic understanding of contract law will give you a leg up when you enter the business world Before beginning the interactive, review LO 134. Recall that a legally binding contract requires four elements offer acceptance, capacity, and legal object Read the case below and answer the questions Mr. Barnard is a landlord who has a house to rent. A college student, Jute, saw the sign in the front yard and is interested in terting the house Mr. Barnard tets her the house is for rent for a total of 12 months, and that rent will be $899 in cash each month plus rites Atur touring a couple of houses in the neighborhood. Julle decides to rent Mr Barnard's house and comely with his terms Suppose the details of the contract changed. Suppose that Mr. Damard was having difficulty renting me house, so he told Julietotif she did not at the house then he was gong to move nere Iving her and she should always lock her doors because od things happen to people who rent from tandlords other than Mi Band After hearing is became scared As a result, she decided to rent Mr. Barnard's house intoad of another house she was considering Would the contract be enforceable in loht of these new fact