Describe the importance of the elements of a valid contract.

This week students will:

  1. Describe the importance of the elements of a valid contract.
  2. Apply the elements of a valid contract to a set of facts.
  3. Evaluate remedies for breach of contract.
  4. Assess the role the Uniform Commercial Code (UCC) plays in contracts for the sale of goods.

Introduction

During Week 2, the course learning transitions from general principles of law to specific areas related to business law. Week 2 is focused on the elements of a contract. By the end of this week, students should be able to describe and apply the elements of a valid contract; and, evaluate remedies for breach of contract. Additionally, students should be able to assess the role the Uniform Commercial Code plays in contracts for the sale of goods. A two to three page Critical Analysis Paper is due on Day 7 to provide students the opportunity to implement the learned concepts by applying the elements of a contract and identifying available remedies for breach of contract to a contract the student has entered into or someone they know has entered into. Finally, a quiz will be due on Day 6 to reinforce the learning for this week.

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