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In this lesson, we are discussing the formation of a traditional enforceable contract. We have covered mutual assent and are now moving on to consideration. To form a valid contract, we need mutual assent, consideration, and no defenses that would invalidate the contract. We are currently focusing on consideration, which is represented by the letter "C" in our analysis. This review is a reminder that we have already discussed mutual assent, which is the main focus of our previous videos.
