BUS311
Describe an example of a contract that you or someone you know entered into (e.g., rental agreement, cell phone agreement, property purchase or lease [e.g.,car, home, furniture, etc.], home or car repair, or student loan agreement).
In your description, be sure to provide specific contractual details including parties and subject matter involved. You must also address the following:
1. Define the five essential elements of an enforceable contract, and demonstrate how each element relates to your example.
2. Explain the circumstances of a breach of contract in your example, and discuss possible remedies.
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