Identify and provide an example of reasons

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Reference no: EM133281943

Question 1. Contrast the following terms as they pertain to contracts:

Valid

Void

Voidable

Question 2. In your own words, explain the concept of "consideration" as an element of a contract?

Question 3. Identify and provide an example of 2 reasons why a party to a valid and enforceable contract who fails to perform under the contract may not be held liable for breach of the contract?

Reference no: EM133281943

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