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This requires an offer by the offeror and an acceptance of the offer by the offeree" (R.Cheesman, 2006).
? Consideration. "The promise must be supported by a bargained-for consideration that is legally sufficient. Gift promises and morale obligations are not considered supported by valid consideration" (R.Cheesman, 2006).
? Contractual capacity. "The parties to a contract must have contractual capacity" (R.Cheesman, 2006)
? Lawful object. "The object of the contract must be lawful. Contracts to accomplish illegal objects or contracts that are against public policy are void" (R.Cheesman, 2006)...
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