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Topic2-Contracts

Acontractcanbedefinedas:

•Anagreementthatthelawwillen;

•Apromise(orsetofpromises)thatthecourts

willen;or

•Alegallyenableagreement.

Allemphasize“agreement”(orsetof

promises),and“enability”(legal

consequenceswillresultfrombreach).

BLO1105–BusinessLaw1

ElementsofaContract

Offer

Acceptance

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