How do you know and is your contract express

Assignment Help Business Law and Ethics

Reference no: EM133197489 , Length: word count:600

Question 1: Just about every time you open your wallet to pay for something, you enter a contract. In addition, you probably enter contracts in your own life where something else other than money is exchanged.

For this assignment, think about the last few contracts that you entered or attempted to enter, and answer the following questions about that contract.

Describe the contract that you entered (or attempted to enter). Be sure to use the objective theory of contracts as well as the terms you learned in the readings, resources and lecture to describe the contract. How do you know that what you entered is a contract?

Classify the contract you described.

Is your contract bilateral or unilateral? How do you know?

Is your contract express or implied? How do you know?

Is your contract formal or informal? How do you know?
Is your contract executed or executory? How do you know?
Is your contract valid, void, voidable or unenforceable? How do you know?

Reference no: EM133197489

Questions Cloud

How much revenue for the year ended : On 1'E'Julyr 20x3. Company A signs a contract with a customer under which Company A delivers an equipment on that date and then provides support services for th

Amount of the original invoice and any subsequent legal : Value of a building in Chicago is unjust enrichment for a few hundred dollar shipping invoice and court costs we may incur as a result of her actions

Names and locations of the 3 hospitals : What are the names and locations of the 3 hospitals you selected and why did you choose them? Explain your answer.

Cost classi?cations used in ctc income statement : Comment on the cost classi?cations used in CTC's income statement.

How do you know and is your contract express : Is your contract bilateral or unilateral? How do you know and Is your contract express or implied - think about the last few contracts that you entered

Internal auditor recommended control : Are potential weaknesses in the internal auditor's recommended control (identify and explain)

What would be the constitutional challenge : What would be the Constitutional challenge? Who would win and why - What will Iowa's and ABC's arguments use in court? How will the court decide and why

Establishing and maintaining internal controls : From the list of responsibilities provided below, classify each as either a responsibility of management or a responsibility of the auditor.

Policies and strategical plans to fight climate change : World leaders and scientist need better policies and strategical plans to fight climate change which threatens the future of our world.

User Account

All Pages