Analyze agreement in contract governed by common law

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Reference no: EM132226386

You and your best friend, an art history major, just opened a business. Your business will provide services as well as sell goods. your friend/ business partner knows nothing about contract formation. Explain the basics by answering the 3 questions below.

1. Identify and define the 4 elements of a valid contract?

2. Explain how to analyze agreement in a contract governed by common law ?

3. Explain how to analyze agreement in a contract governed by article 2 of the uniform commercial code?

Reference no: EM132226386

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