Explain the essentials of valid contract of sale.

A contract of sale is an agreement between two parties whereby one party, the seller, agrees to transfer ownership of goods or services to the other party, the buyer, in exchange for a certain price or other consideration. For a contract of sale to be valid, it must meet certain essential elements, which are as follows:

1. Offer and Acceptance: A valid contract of sale must have a clear offer made by one party and an unequivocal acceptance by the other ________ ______ _________ ______ ____ ____ ________ __________ ______ _______.
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