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What is a contract? What is the objective theory of contracts? Discuss the four elements that are required for the formation of a contract. Outline

What is a contract?
What is the objective theory of contracts?
Discuss the four elements that are required for the formation of a contract.
Outline the elements necessary for an effective offer. Provide examples of non-offers.
Explain how shrink-wrap and click-on agreements differ from other contracts. Discuss how traditional law has been applied to these agreements.
What is a consideration? Discuss what is required for consideration to be legally sufficient.

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