Case Scenario:
You can tell by his mood, that you have irritated Boullebaker by a mistake you made in preparation for a contract case. He is not convinced that you know all the basics about contracts. Boullebaker says he won't allow you to touch another contract case until you have evidenced your knowledge by doing the following:
Find an example of a written contract that you have entered into. It could be a purchase agreement for a home, car or furniture, a warranty agreement, or a contract for home repairs. Identify the features that make it a valid contract.
Write a short contract to provide a service to someone. You may request monetary reimbursement or something else of equal value from the other party. As an example, you may write a contract with one of your children to provide a certain reward (such as a car or a vacation) if the child maintains an agreed upon grade point average at school. Make certain that your work satisfies the basic requirements of a contract.
Next, Boullebaker tests you by asking your thoughts for the following scenario:
You invite a painter over to your home to discuss some painting that needs to be done. You discuss what needs to be painted, the desired color scheme, and the final price. Nothing is written down. You agree on terms and the painter then performs the work, for which you pay him. Have you entered into a contract? If so, what type?