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Write a 500-750-word essay that provides a basic overview of contract law as it relates to service contracts.
1. Explain the basic elements of a service contract.
2. Describe potential bars (problems) to contract formation.
3. Provide at least one scenario depicting a valid contract.
4. Provide at least one scenario depicting an invalid contract.
5. Explain why the contract for each scenario you provide is either valid or invalid.
Use a minimum of two to three peer-reviewed sources in support of your content.
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RESEARCH then EXPLAIN the REASON and JUSTIFICATION for the following sections of the Corp Act :- SECTION 124; SECTION 129(1) and SECTION 588M(3).
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Limited liability companies are guided by an operating agreement
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