Describe an example of a contract that you or someone you know entered into (for example, rental agreement, cell phone agreement, property purchase or lease—car, home, furniture, etc.; home or car repair, student loan agreement). In your description, be sure to provide specific contractual details including parties and subject matter involved. You must also address the following:
- Describe the five essential elements of an enforceable contract, and give an example of each element from the selected contract.
- Explain whether or not the contract was fulfilled. If not, discuss at least one available breach remedy.
Your paper must be three to four pages in length (not including title and reference pages), and it must be formatted according to APA style as outlined in the approved APA style guide. You must cite at least two scholarly sources in addition to the textbook.