It’s time to delve into contract law, at least momentarily. Contracts are integrated into our everyday life whether we realize it or not. If you make a purchase at a store, you are creating a contract for the purchase of said items in return for cash, check or credit. While this may not be a traditional type of contract consisting of a written document that all parties sign, this is nevertheless a contract.
Much the same, we deal with contracts on a day-to-day basis in the business world. But, can everything be contracted? Or are there certain contracts that are void or voidable (hint, hint)?
Write a 2-3 page paper using proper APA formatting. Within this paper you are asked to analyze the types on contracts that are void and voidable as well as why they are forbidden in the business world. Below are some ideas to help get you started:
Compare and contrast void and voidable
Against public policy
One-Sided
Minor exception
Mental Capacity
Illegal Contracts
Module 05 Written Assignment – Ethical Contract and Agreements
Scoring Rubric:
Criteria
Weight
Student identified contracts labeled as “void”
25
Student identifies contracts labeled as “voidable”
25
Student analyzes why identified contracts are forbidden
30
Paper must be in proper APA format
10
Paper reaches 2-3 pages in length
10
Total
100
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