Describe each element necessary to form a contract. Determine whether each element is present in the Simon’s Food Truck (Wheelin’ and Dealin’) scenario.

Simon’s Food Truck (Wheelin’ and Dealin’)

1. Describe each element necessary to form a contract.

Determine whether each element is present in the Simon’s Food Truck (Wheelin’ and Dealin’) scenario.

1. Offer
2. Acceptance
3. Capacity
4. Legality
5. Assent
6. Consideration and Promissory Estoppel

Resources

• Textbook: Business Law and the Legal Environment • File: Simon’s Food Truck (Wheelin’ and Dealin’) Template.docx