Basic elements of a contract

. What are the basic elements of a contract? Q: Under contract law, what is consideration? Give   an example within higher education. (This is a challenging one to grasp and explain, but give it your best.) Q: Within contract law, list at least four defenses that might be offered which would counter one’s responsibilities or obligations to be bound (have to keep or honor) by a contract. Q: Within contract law, list at least three remedies that might be applied under a breech of contract. Q: What is a quasi-contract? (Another challenging one, but give it your best.)