According to the basic definition of contract, it's an agreement that persuades the people to do or not to do a particular thing who signed this agreement. Or any agreement that enforced by the law is a contract. But more sophistically, it involves with the factors of offer, acceptances and consideration. Any contract can only be finalized if it follows all these three steps. With the omission of one step the contract will not be finalized. When an offer has been made and acceptance takes place, then consideration occurs. The court will never ...