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U2L1DB-describe one example of a type of contract that a person may be involved in at some point in their life.

U2L1J Which type of contract do you think is more likely to have fraud, concealment or misrepresentation involved, causing it to not be a genuine agreement? Be sure to identify the contract choice, identify which problem it is likely to have, and then explain why you think this problem is likely

U2L2COLLAB- Part 1: Write a scenario that would result in a defective Signing a contract agreement but do not identify what makes it defective.

U2L2J -Based on the reasons a contract may be defective, which reason do you think would be the hardest to prove? Be sure to explain why you think this would be hard to prov

U2L3-Post the following: Your name, indicate if you agree or disagree that minors should be able to return items they purchased while a minor. Also give a reason to support why you agree or disagree.

U2L3J -Give an example of when you think a minor should be able to enter into a contract. State why you think a minor should be allowed to enter into this contract.

U2L4C-Part 1: Write a scenario that demonstrates a breach of contract. It can not be similar to another person's scenario. Do not identify specific type of breach that occurred, just describe it. Do not identify the damages that could be claimed

U2L4J-Explain three damages that a person can sue for if a contract is breached

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Explanation & Answer

Attached.

Surname:1

Student’s Name
Tutor
Course Number
Date
Contract
1. U2L1DB

Poole, 2012 defines a contract as an agreement that involves two or more people. The
process may comprise of an individual, partnership, government agencies, organizations or
limited liability that protects it from any form of breach. The main fundamentals of a binding
contract are; agreement; (ii) amongst competent parties; (iii) grounded upon the honest assent of
the involved parties; (iv) reinforced by consideration; (v) formed for a legitimate objective; and
(vi) as stipulated by the law.

There are many types of contacts, but I will discuss the bilateral contract that one must
encounter in his life. In the two-way deal, the two parties that enter into an agreement, have some
responsibilities that they both promise to execute and are bound to another (Helewitz, 2010).
Example: In a bilateral contract, if a person signs a contract to purchase a football club at US$10
billion, for instance, Manchester United, then you is in a bi-lateral agreement with the owner of
the club. The seller has assured you that he will only sell the club to you and you have also
promised him that you will in exchange issue out US$10 billion.

2. U2L1J

Surname:2

The bilateral contracts are prone to misrepresentation, fraud and concealment should the
two parties involved fail to agree. The contract is an agreement between the buyer and seller but
must be of mutual benefit. The process entails bargaining, and one side can be injured, and the
seller or the buyer may ...


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