BUSN 420 Business Law Week 3 Assignment

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:

  1. Contracts’ elements and remedies in case of a breach
  2. Valid offer requirements
  3. Offer acceptance
  4. Consideration and forms
  5. When a contract is enforceable?
  6. Remedies for non-breaching parties under Maryland’s state law