Explain the essentials of valid contract of sale.

A valid contract of sale, under business law, requires certain essential elements to be present to ensure legality and enforceability. These essentials are fundamental to establishing a binding agreement between parties for the transfer of goods or property in exchange for consideration. Here are the key essentials of a valid contract of sale:

1. Offer and Acceptance: The contract begins with a valid offer by one party to sell a specific product or goods, which must be accepted by _________ _______ ______ _________ __________ ________.
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