Chain Store Contract

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In order for a valid contract to exist between Sam and the chain store there needs to be elements that back up the proof. A contract consists of four different elements: agreement, consideration, contractual capacity, and a legal object. The agreement “consists of an offer b one party, called the offeror, to enter into a contract and an acceptance of the terms offer by the other party, called the offeree.” (Kubasek, 2012, p.304) The agreement could be done as a verbal agreement or even a written agreement between both parties involved setting in stone what it is that needs to be done and when it would be completed. An example would be Sam verbally agreeing to make and ship 1,000 units for the store manager. The consideration is “the bargained-for

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