A contract is defined as a voluntary legal agreement between people of businesses and it sets forth what both parties can and cannot do (Goldman & Sigismond, 2014 p. 127). Four essential elements of a contract that must be present to consider it valid and they are agreement, consideration, capacity, and legality. However, after analyzing the story of Charley and Sammy, I believe a contract does not exist. Some of the elements that are not met are agreement, consideration, and capacity. An agreement was made between the two people; it was for Sammy to burn down Charley’s restaurant which he agreed on. Next, for consideration, Charley offered to pay Sammy $10,000 if he gets the job done. Consideration may include doing something illegal (Goldman
