Business Law: Contract Creation

Activity Type: Descriptive Essay:
You and your friends have recently established a company in Canada (Cross Border Medic- CBM) and want to import personal protective equipment (PPE) from China to Canada. To this end, your company CBM is currently negotiating with Zhutai Technology Co., Ltd, a major Chinese PPE supplier, to reach a mutual agreement (contract). Based on this situation, you are required to create a binding contract keeping the following in mind: Make sure the contract contains all 3 major elements of an enforceable contract. All communications between CBM & Zhutai must be online..
Make sure the contract contains all 3 major elements of an enforceable contract i.e Consideration, Capacity and Legality.

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