Law 421 Week3 Dq1

What are the essential elements necessary to form a valid contract? Provide examples of each. Under what conditions can contractual duties be modified? When does promissoryestoppel apply?

Provide an example

.The essential elements in a valid contract are when at least two parties agree to the terms of the contract, it is legally binding, and it is enforceable by law. An example of agreeing to acontract would be a contractor agreeing to install a bathroom for 10,000 in which the clientagrees to pay. This is consent from both parties. This contract is legally binding in that both parties have mutually assented to the contract.

The contact is drafted in accordance with the public policy and it has legality. A written agreement that defines the terms of the...