What is a contract? What are the elements of a valid contract? What is the statute of frauds? What is an unilateral contract and what is a bilateral contract? 5- What is an option
Please provide a brief answer to each of the following questions:
1- What is a contract?
2- What are the elements of a valid contract?
3- What is the statute of frauds?
4- What is an unilateral contract and what is a bilateral contract?
5- What is an option contract?
6- Can a mentally insane person enter into a contract? Why?
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