BUSN
420 Business Law Week 3 Assignment
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BUSN 420 Business Law Week 3
Assignment
Introduction
During the first two papers of our
training series about laws and legislations, we had the chance to familiarize
ourselves with basic terms of law and Maryland’s court system. In this paper is
we’ll try to get a more practical idea about what are the obligations and
related issues coming from a contract. I hope you all find this paper quite
useful in your everyday working life since the following issues are going to be
explained in short:
- Contracts’ elements and remedies in case of a breach
- Valid offer requirements
- Offer acceptance
- Consideration and forms
- When a contract is enforceable?
- Remedies for non-breaching parties under Maryland’s state law