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    Key Elements of a Valid Contract

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    Need assistance with thoughts for the following scenario:

    You invite a painter over to your home to discuss some painting that needs to be done. You discuss what needs to be painted, the desired color scheme, and the final price. Nothing is written down. You agree on terms and the painter then performs the work, for which you pay him. Have I entered into a contract? If so, what type?

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    Solution Summary

    In reference to the scenario, this solution describes the key elements of a valid contract and explains if the person in the scenario had entered into a contract and, if so, what type.