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Theminimumrequirementsfor establishingacontractare:mutualagreement(offer andacceptance);intention;consideration;legalcapacity;consent;andlegalityofcontract. Outlineyour understandingofeachoftheseterms. Withtheuseof examples,describehoweachoftheserequirementsis achievedin contractualarrangements thatsupportyour projects. Describeanexamplewheretheserequirementswerenotachievedandtheproblems thatensued.

  1. Theminimumrequirementsfor establishingacontractare:mutualagreement(offer andacceptance);intention;consideration;legalcapacity;consent;andlegalityofcontract.
    1. Outlineyour understandingofeachoftheseterms.
    2. Withtheuseof examples,describehoweachoftheserequirementsis achievedin contractualarrangements thatsupportyour projects.
    3. Describeanexamplewheretheserequirementswerenotachievedandtheproblems thatensued.

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