What are the four elements of a contract? discuss each., Ask an Expert

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1) What are the four elements of a contract? Discuss each.

2) What is the difference between bilateral and unilateral contracts? Discuss each.

3) When must a contract be in writing? Can a contract for over a year be oral, if not why, and if so what would be required?

4) What is legal capacity? How can it be used as a defense to a contract?

a) Identify the elements of valid common law and UCC contracts.

b) Summarize the legal defenses to contract formation and enforcement.

c) Compare and contrast the applications of legal and equitable remedies.

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