Task: Contract law permeates society and daily life. Think of a personal or professional contract in your life into which you've entered or describe a contract dispute you may have had. Relate your professional or personal experience in the business world to the readings for the week.
Address the following questions:
Were there any issues, legal or otherwise, faced when entering into the contract?
What was the offer, acceptance and consideration? Be sure to define these legal concepts before identifying them in your specific example.
Would you have a different point of view entering into the contract now with your increased knowledge of contract law? Why or why not?
Identify ethical issues that exist in your example, if any. If your scenario did not present any ethical issues, provide support to indicate this.
Do not feel compelled to disclose more information than you are comfortable discussing. There are many contracts we enter into which are fairly neutral, so you should be able to discuss something without feeling an invasion of privacy.