Requirement of consensus in the formation of contract

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1. Discuss the requirement of consensus in the formation of a contract. In your answer, consider the role of offer and acceptance and other relevant factors. Provide an example of a contract where consensus exists, and one where consensus does not exist.

2. The remedy of Rescission of a contract, on the basis of innocent misrepresentation on behalf of one of the parties, is not available in four situations. List and describe these situations, and provide one example for each situation.

Reference no: EM132108889

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