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What legal elements are essential to formation of valid contracts?

Question
Respond to Discussion Questions with 100-150 words. I would like to encourage you to also use personal experiences in your responses. Also, cite information from your text to support your answer.

1. What legal elements are essential to formation of valid contracts?

2. Give examples of each from your personal experience, or current or previous professional work.

3. What is “estoppel?” What are the different sorts or kinds of estoppel, legally?

4. For which legal element of contract does promissory estoppel substitute? When might Promissory Estoppel apply in formation of a contractual obligation?

5. What are the differences between a (1) void contract and a (2) voidable contract? (The differences are very important!)

6. Provide examples of each from your personal or current or past professional experience — or research in our Library.

7. You have been interviewing for a new job and the company contacts you to make a job offer. The offer is good, but slightly below what you were hoping for the starting salary.

Select an organization at which you would like to work.

Research your selected organization.

Research “salary negotiation” using the University of Phoenix Library or a search engine.

Research employer sites such as Glassdoor.com?, salary.com?, GuideStar.org? (for Not-for-Profit organizations), and so on for salary information.

Answer the following questions in a 100- to 200-word response:

What are some good reasons to negotiate your salary?

How would you go about negotiating your salary after you have received a job offer?

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