Discussion: Contracts
Review this excellent article that explains all relevant aspects of a contract. "What Makes A Contract Valid?" By Nolo
Next, view this YouTube video that details the concept of consideration. "Contracts: What is Consideration?".
What must occur/exist in order for a contract to be legally enforceable? Explain this in your own words.
Next, discuss a time when you (or a friend/family member) entered into a contract where a breach was suffered. What was the remedy in the case? Were you satisfied with the outcome? Why or why not?
The response must include a reference list. One-inch margins, double-space, Using Times New Roman 12 pnt font and APA style of writing and citations.