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Think of a time of when you entered into a contract. Everyone has, whether you were aware of it or not. Some examples include: Contract

Think of a time of when you entered into a contract. Everyone has, whether you were aware of it or not. Some examples include:

  • Contract with a cell phone provider
  • Rental contract
  • Air carriage contract (buying airline tickets)
  • Registering for an online service (Amazon, PayPal, etc.)
  • ... and many others

Describe the four (4) basic elements of a contract (Offer, Acceptance, Consideration, and Intention). What are some problems that could be identified in forming and/or honouring the contract?

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