What is a contract? What are the elements of a valid contract? What is the statute of frauds? What is an unilateral contract and what is a bilateral contract? 5- What is an option

02 Nov What is a contract? What are the elements of a valid contract? What is the statute of frauds? What is an unilateral contract and what is a bilateral contract? 5- What is an option

Posted at 00:02h in Business & Finance / Management by

Please provide a brief answer to each of the following questions:

1- What is a contract?

2- What are the elements of a valid contract?

3- What is the statute of frauds?

4- What is an unilateral contract and what is a bilateral contract?

5- What is an option contract?

6- Can a mentally insane person enter into a contract? Why?