1. Contract law is the basis for government regulation of commerce. Without the government enforcing contracts what would our economy/society look like?
2. Name and define the 6 elements of Contracts. (Make sure to use the outline to help you work through the reading so you do not miss any.)
3. Give a real world example of each element of Contracts and how it affects the enforcement of the agreement.
4. Other than enforcement, what makes a contract different than a promise?
5. What are some examples of contracts that do not have to be in writing to be enforceable?
