Explain the required elements for a valid contract. What are some similarities and differences between common law contracts versus the Uniform Commercial Code?

Respond to the following:

• Explain the required elements for a valid contract. What are some similarities and differences between common law contracts versus the Uniform Commercial Code?
  • Why is it important to distinguish which one applies when making a contract business decision?
• Research one (1) breach of contract lawsuit using the legal database, NEXIS-Uni, involving two businesses within the last year and explain the lawsuit facts, dispute, and decision/reasoning by the court. See the link for the database here: NEXIS-Uni Legal Database.

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