Response to the following question:
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?
Identify the elements of valid common law and UCC contracts.
Summarize the legal defenses to contract formation and enforcement.
Compare and contrast the applications of legal and equitable remedies.