Question Description
I’m studying for my Business Law class and need an explanation.
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 discuss the following information:
- Identify, define, and discuss the four 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:
- Summary of case facts, issue before the court, decision and reasoning of court. Ensure that you include the information on the specific elements involved in the dispute.
Discuss the ethical issues that arise with the case state your position and defend it.
Explanation & Answer
Attached.
1
Introduction
➢ Introduced a contract
Discussion
➢ Discussed the four essential elements of a contract
➢ Discussed a case
Conclusion
➢ Summary
Running head: CONTRACT
1
The Elements of a Contract
Name:
Institution:
CONTRACT
2
A contract has four major elements which are; offer, acceptance, consideration, and
legality. An offer refers to the expression of willingness to enter into contractual obligations. It
must be...