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Describe an example of a contract that you or someone you know entered into (e.g

by | Aug 29, 2022 | Business and Management

 

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Describe an example of a contract that you or someone you know entered into (e.g., rental agreement, cell phone agreement, property purchase or lease [e.g., car, home, furniture, etc.], home or car repair, or student loan agreement). In your description, be sure to provide specific contractual details including parties and subject matter involved.
You must also address the following:
• Define the five essential elements of an enforceable contract, and demonstrate how each element relates to your example.
(offer, acceptance, consideration, legality, capacity)
• Explain the circumstances of a breach of contract in your example, and discuss possible remedies.
Resources:
Rogers, S. (2012). Essentials of business law. Bridgepoint Education

 

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