law questions each 50 words

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1. What are the essential elements necessary to form a valid contract? Provide examples of each.

 

2. Under what conditions can contractual duties be modified? When does promissory estoppels apply? Provide an example. 

 

3. What are the differences between a void contract and a voidable contract? Provide examples.

 

4. Which party or parties to a voidable contract have the right to disaffirm the contract?

 

5. Can written agreements be modified orally? Explain why or why not. 

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