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In this lesson, the focus is on the termination of offers in the context of mutual assent. A recap on forming a traditional enforceable contract highlights three essential elements: mutual assent between the parties, consideration, and the absence of defenses that could invalidate the contract. The discussion emphasizes the significance of mutual assent, which is defined as a "meeting of the minds" and involves a mutual understanding or agreement between the parties involved in the contract. This lesson continues the exploration of contract formation, specifically examining how the termination of an offer impacts mutual assent.
