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This week, we focused on the basic ways a contract is concluded. The basic formula for enforceable promises was outlined as follows, O + A
This week, we focused on the basic ways a contract is concluded. The basic formula for enforceable promises was outlined as follows, "O + A + C = K" (Offer plus Acceptance plus Consideration equals a contract). After reading the text, watching the video this week, and learning about the basic rules of mutual assent (offer & acceptance), please identify and discuss one aspect of contract formation that you found the most interesting, nuanced, or complex.
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