What are the 5 requirements of a contract?
Could you kindly elaborate on the five essential requirements that constitute a valid contract? I'm particularly interested in understanding the specific elements that must be present for a contract to be enforceable. Could you please provide a brief explanation of each requirement and how they contribute to the overall validity of a contract? Additionally, it would be helpful if you could also discuss any exceptions or special considerations that might apply in certain situations. Thank you for your assistance in clarifying this important aspect of contract law.