Question

An Agreement is a manifestation of mutual assent on the pad of two or more persons. A
bargain is an agreement to exchange promises or to exchange a promise for a performance or to
exchange performances. . . . the formation of a contract requires a bargain in which there is a
manifestation of mutual assent to the exchange and a consideration. . . . Manifestation of mutual
assent to an exchange requires that each party either make a promise or begin or render a
performance. . . . The manifestation of mutual assent to an exchange ordinarily takes the form of
an offer or proposal by one party followed by an acceptance by the other party or parties.
Does formation of a contract requires a bargain in which there is a manifestation of mutual assent
to the exchange and a consideration. Describe in light of essential elements of a contract.

Answer 1

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