Teacher Answer Key Task 3

Task 1:

Here is the complete text:

A contract can be defined as 'an agreement between two or more parties to create legal  obligations between them'. Some contracts are made 'under seal': in other words, they are signed and sealed (stamped) by the parties involved. Most contracts are made verbally or in writing. The essential elements of a contract are: (a) that an offer made by one party should be accepted by the other; (b) consideration (the price in money, goods or some other reward, paid by one party in exchange for another party agreeing to do something); (c) the intention to create legal

relations. The terms of a contract may be express (clearly stated) or implied (not clearly stated in the contract, but generally understood). A breach of contract by one party of their contractual

liability entitles the other party to sue for damages or, in some cases, to seek specific  performance. In such circumstances, the contract may be voided (in other words, it becomes invalid).

(10 points)

Task 2: part 1                                                                       part 2

(6 points)