Preparing an Enforceable Contract



Preparing an Enforceable Contract Define and describe the elements of a valid business contract, including offer, acceptance, consideration, capacity, and legality. Include an explanation on the concept of breach of contract and the Statute of Fraud guidelines to demonstrate your understanding of the issues associated with both concepts. Next, write a contract statement for the following situation: "Mike sells his used 2008 Camaro to Jim." In your contract, consider all the elements listed below, as well as include examples for each of them—for instance, Mike had made an offer to Jim to sell his car for $600 and Jim accepted that offer. Parties to the contract Agreement Offer and acceptance Consideration Contractual capacity Lawful object Submission Requirements: Submit your responses in a minimum of a three page, double-spaced Microsoft Word document. Please make sure you include the title page and the reference page as part of your submission. Cite sources in the APA format. Adhere to Standard English grammar, spelling, and punctuation requirements. Use 12-point Arial font.

Related Questions in engineering category

The ready solutions purchased from Library are already used solutions. Please do not submit them directly as it may lead to plagiarism. Once paid, the solution file download link will be sent to your provided email. Please either use them for learning purpose or re-write them in your own language. In case if you haven't get the email, do let us know via chat support.