​Utilizing the concepts from Chapters 7 through 11, analyze the following scenario:

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xelb2019

Business Finance

Regent University

Description

Utilizing the concepts from Chapters 7 through 11, post a message that identifies and explains the elements necessary to form a legally enforceable contract. What is the responsibility of each party in determining these elements and when would governmental intervention become necessary when balancing the interests of the parties?

Cite a minimum of two (2) scholarly peer reviewed sources (beyond your textbook or the Bible) applying APA guidelines (250-450 word count range).

  1. Liuzzo, A. L., & Hughes, R. C. (2019). Essentials of Business Law (10th ed.). New York, NY: McGraw Hill Education:
    1. Chapters 7, Introduction to Contracts;
    2. Chapters 8, Offer and Acceptance;
    3. Chapters 9, Mutual Agreement;
    4. Chapters 10, Consideration;
    5. Chapters 11, Competent Parties;
    6. Chapters 12, Legal Purpose of Contracts;
    7. Chapters 13, Form of Contracts;
    8. Chapters 14, Operation of Contracts;
    9. Chapters 15, Discharge of Contracts; and
  2. Matthew 25:14-29 (Stewardship).

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Explanation & Answer

Hey buddy, find attached

Running head: CONTRACTS

Contracts
Name of student
Name of affiliate institution
Date

CONTRACTS

2
Contracts

For a legally enforceable contract to be valid, there are some things which should be
considered. Such issues revolve around the parties involved and laws controlling that agreement.
One of those is the offer that is being given. There must be an offer provided by the offerer to the
offeree for the purposes of reaching an ...


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