List the five requirements for contract formation and give a short (approximately 1–2 sentences) description of each requirement. b) Choose one of the requirements from your answer to (a). Write a short (approxi- mately 5–10 sentences) example of a contract that does not satisfy this requirement and explain why.

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a) List the five requirements for contract formation and give a short (approximately 1–2 sentences) description of each requirement.
b) Choose one of the requirements from your answer to (a). Write a short (approxi- mately 5–10 sentences) example of a contract that does not satisfy this requirement and explain why.

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