1. What elements are necessary for a valid contract to exist? Define what constitutes a "valid offer." Evaluate each proposal and discuss whether each of the offers constitutes a valid offer. Why or why not?
2. Each proposal involves a different country. What are the particular concerns for Gloria in doing business in other countries? What contract provisions does she need to include in any business contract in order to protect her business?
3. How can Gloria continue to protect herself and her family from personal liability if she obtains her widgets from a foreign manufacturer? Use your textbook and library references to answer these questions. Evaluate each proposal. Does it constitute an offer?
Contracts are legally enforceable agreement, which are only valid when four elements are present, namely: Offer, Consideration, Acceptance, and Mutuality.
I. Offer:
Under the offer, party is willing to enter into a bargain to do a certain activity or even
