In the summary of our reading, a contract is not valid unless it contains the essential elements of a contract (Mayer, Warner, Siedel, & Lieberman, 2014). The first element is the agreement. The agreement has several levels that include an offer, acceptance and serious intention. The definition of an offer is one of the parties that …show more content…
For Byer and Cellar, they have a valid contract. As for the rest of the definitions, Byer and Cellar case does not apply. A void contract is missing an essential element. For example, I will sell you my car, but I do not have one to sell. A voidable contract works the same way as the void contract by missing essential elements, but the decision to enforce the contract is between the parties. A voidable contract, one of the parties is legally responsible to honor the agreement. The unenforceable is a contract that in my mind is simply unenforceable, meaning that the contract is too confusing or lacking several elements. After signing the napkin, does the napkin have any