What are the elements of a valid simple contract?
Distinguish between an offer and an agreement. Give Two examples of each.
When may an offer be revoked? Give a reason for your answer.
Identify the rules governing consideration?
What are 'necessaries'?
Distinguish between a simple contract and a specialty contract?
Distinguish between the following:
a) Common mistake
b) Mutual mistake
c) Unilateral mistake
What may be the result of a counter offer?
Discuss the difference between fraudulent misrepresentation and innocent misrepresentation?
Explain the following terms:
a) Valid contracts
b) Void contracts
c) Voidable contracts
d) Illegal contracts