DIRECTIONS:
Contract law consists of numerous parameters, details, and factors, many of which may seem complex. Contracts, however, do not solely affect organizations. Agreements impact the daily lives of consumers in numerous ways and contexts. Indeed, our daily lives can involve multiple transactions in a wide range of areas.
Research the topic of consumer contracts. What are some examples of frequent or regular agreements that both individuals and businesses enter?
Initial Post
Provide the following in your initial post:
- Present an example of a possible agreement that may involve organizations and individuals. Possibilities include housing leases, phone/Internet contracts, and even store receipts/proofs of purchase.
- In your analysis, explain what elements need to exist for a valid, enforceable contract to be in place.
Reply Post
In your response to at least one classmate, consider the agreement elements they offered. Do you agree with their interpretation? Why or why not?
Please remember to acknowledge any source you use
