You know that every contract must have an offer, acceptance, consideration and a meeting of the minds. Explain these four terms IN YOUR OWN WORDS AND Provide an example of how each of the four elements may be seen in sports

QUESTION 1 (50%): You know that every contract must have an offer, acceptance, consideration and a meeting of the minds. Explain these four terms IN YOUR OWN WORDS AND Provide an example of how each of the four elements may be seen in sports (graded at one point per example).
QUESTION 2 (20%): Look again at the NFL Standard Player Contract. In your opinion, what TWO specific provisions should be added to the NFL Standard Player Contract — and WHY? Be sure to include any cited research to support your assertions that the clauses should be included in the contract.
QUESTION 3 (20 %): What is the difference between a license and a bailment? (1 points). Give one example of each from the sports industry (1 point).