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In analyzing the offer on a contracts essay question, it is important to remember the three requirements for forming a traditional and enforceable contract: offer, acceptance, and consideration. Offer and acceptance are often referred to as mutual assent between parties, meaning there must be an offer, acceptance, and consideration for a valid contract. To create a valid offer, one must manifest an objective willingness to enter into the agreement, create a power of acceptance in the offeree, and specify all necessary terms of the deal. This first requirement, the offer, is essential in forming a traditional enforceable contract.
