Identify elements of sales and purchase contracts.

Identification should include

Process/Skill Questions:

What is consideration?
What characteristics constitute capacity?
When does the statute of frauds apply?
What must the contract have to be enforceable if the statute of frauds applies?
What is surety or guaranty?
What is an executor?
What is personal liability?
What are examples of contracts involving real estate?
What is the ordinary course of a seller's business?
What does it mean for a contract to be signed by the party against whom enforcement is sought?