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Weekly tasks or assignments (Individual or Group Projects) will be due by Monday and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time.
Library Research Assignment
Your supervisor has just met with a potential new client. You and two of your coworkers will be working directly with this client in helping to create and execute contracts. To refresh your skills and memory on contracts, your supervisor has asked you to write a memo to provide to your coworkers and supervisor discussing the following information:
Identify, define, and discuss the 6 elements of a contract, providing examples to help further the understanding of each element.
Conduct research online or in the library to find a case involving a contract dispute regarding one or more of the elements of a contract, and provide the following:
Analysis of the case, including information on the specific elements involved in the dispute, as well as the outcome of the case
Discuss your opinion on the outcome of the case. Do you agree with the court's decision?
Additionally, to help prepare for the Phase 4 and 5 IP (review the assignment for details), briefly (200 words) define a contractual concern related to the business you would like to start
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The Offer is the key component that characterizes the significant issues in the agreement. To be a lawfully legitimate offer, the offer must be viably conveyed so that the receiving party can acknowledge or reject the offe(“Offer - Contracts,” n.d.).
An offer is a guarantee to act or abstain from acting, which is made in return for an arrival guarantee to do likewise.
A few offers suspect not another guarantee being returned in return but rather the execution of a demonstration or self control from making a move. Case in point, a painter's offer to paint somebody's office for a hundred dollars is presumably adapted on the mortgage holder's guarantee to pay upon finishing,
while a property holder's offer to pay somebody hundred dollars to have his or her home painted is most likely molded upon the painter's effectively performing the task. In either case, an offeree's energy of acknowledgment is made when the offeror passes on a present purpose to enter an agreement in certain and unmistakable terms that are conveyed to the offeree.