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

Refer to Chapter 11 and Chapter 12 in your course textbook for this discussion.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.