Contract Law

Contract Law
Mr Williams has requested that you personally explain the basics of contract law in the simple and concise manner and submit your results in the form of a report for the rest of the committee. He also explains that you should address the following in your report: •Create an example of a written contract similar to something in which you have entered. It could be a purchase agreement for a home, car, furniture, a warranty agreement, or a contract for home repairs. •Identify the features that make it a valid contract. •Write a short contract to provide a service to someone. You may request monetary reimbursement or something else of equal value from the other party. As an example, you may write a contract with one of your children to provide a certain reward, such as a car or a vacation, if the child maintains an agreed-upon grade point average at school. Make certain that your work satisfies the basic requirements of a contract. Be concise and succinct in your explanation to the committee. For this assignment, you must submit a report consisting of 1,000-1,250 words in which you explain the basics of contract law in a simple and concise manner. For full credit, you must address the following in your report: •Explain the basics of contract law. •Explain contract law in a simple and concise manner. •Incorporate the terms offer, acceptance, and consideration in the report. •Include an example of a written contract that you have entered into, and identify the features that make it a valid contract. •Include a short contract to provide a service to someone, and identify the features that make it a valid contract. •Make sure that the examples given satisfy the basic requirements for a contract.