Need help with the following law assignment:
1. (a) What is a contract? (b) For there to be a contract, the parties, must intend to create legal relations. Explain?
2. (a) What is an offer? Using known examples, distinguish an offer from an invitation to treat or invitation to offer? (b) The law is that mere mental assent will not constitute an acceptance of an offer. Explain?
3. (a) What is consideration? (b) Mention the characteristics of a consideration that can support a valid contract. (c) The law is that consideration need not be adequate but must be sufficient. Explain.
4. (a) What factors can vitiate a contract? (b) Explain the different types of mistake of fact that can invalidate a contract.
5 (a) Explain the effect of the following precatory words in a contraction (i) Subject to contract (ii) Subject to a formal contract (b) How would an offer-er bring his contract to an end without incurring liability to the offeree?
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