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This question is out of 5 marks. You must not spend more than 25 minutes on this question. The word limit for this question is

This question is out of 5 marks. You must not spend more than 25 minutes on this question. The word limit for this question is 300 words. Jamie approaches you for advise regarding one of the essential elements of a contract namely communication of offer and acceptance. He asks you to write a note in which you explain:

1. the essential characteristics of an offer (2 marks)

2. the essential characteristics of acceptance (2 marks)

3. what is the consequence of a valid offer and acceptance. (1 mark)

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