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The document discusses the key elements of a contract including definition, types of contracts, agreement, offer, acceptance, and revocation of an offer. A contract is an agreement enforceable by law between two or more persons to do or abstain from an act. Contracts can be classified as specialty, simple, executed, executory, express, or implied. An offer becomes a contract upon acceptance, but a qualified or conditional acceptance is considered a counter offer.

Author

Muendo

Language

EN