What are the contracts elements


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Problem:

Select a business contract transaction with which you are familiar. You may use a transaction in your workplace, or in a place where you have been a consumer, such as buying auto insurance, renting or purchasing a residence, or buying cell phones or computers.

What are the contract's elements?

How are the contract's terms established?

What may managers involved in the transaction do to minimize risks and maximize benefits?

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Business Law and Ethics: What are the contracts elements
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