Assignment Details Demonstrate your understanding of American contract law by discussing it in a paper. Show that you understand the requirements for a valid contact with examples? Who may enter into a contact? What needs to happen for there to be a meeting of the minds? Assignment Checklist: ? Discuss the requirements of a contract with examples ? In contract law what is the significance of ? Consideration ? Illusory promise ? Promise to perform a preexisting obligation ? Past consideration ? Identify the following and discuss their effects: ? mistakes ? misrepresentation ? fraud ? duress ? undue influence ?
Describe the effect of the lack of capacity on a contract. Formatting: ? Respond to the questions in this Assignment providing support or evidence for your point of view or argument you are trying to make. ? Tell your readers what action they should take, or provide a summary of what the reader should take away from reading/learning about the topic. ? Write your paper in a clear and articulate manner using Standard English. ? Write the paper in your words without using quotations. ?
Ensure it is well-organized, logical, and unified, and that your work is original and insightful. ? Use the 7th edition APA formatting and citation style for your paper. ? Respond in a least a 3-page paper with a separate title and reference page. ? Have at least two quality references or law cases in addition to the textbook, for a total of at least three Please use the following textbook: Langvardt, A. W., Barnes, A. J., Prenkert, J. D., McCorory, M. A., & Perry, J. E., (2019). Business Law: The Ethical, Global, and E-Commerce Environment. (17th ed.). McGraw Hill Education.
