Module 05 Written Assignment
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 page (minimum) paper using proper APA formatting. Please choose two of the five bullet points below and discuss these types of agreements. In your discussion, describe the agreements in question, provide at least two examples of each of the two types of agreements you’re discussing, and explain why the two agreements that you’ve chosen are problematic for the parties to the agreement or for anyone else.
- Contracts that are against public policy
- Contracts that are one-sided and/or contracts that are unconscionable
- Contracts where one of the parties is a minor (under the age of 18)
- Contracts where the mental capacity of one of the parties is in question
- Contracts that involve an illegal/unlawful purpose.
Save your assignment as a Microsoft Word document.
***I’ve provided a link for the grading rubric. I’m also providing a link to an article from nolo.com which provides a brief summary of several of these disfavored types of agreements. The article doesn’t address these agreements in an exhaustive way, but it does provide a clear overview and could be instructive and helpful as you prepare to complete this assignment. Here’s the link, and let me know if you have any questions:
Contracts and other legally binding documents are enforceable and take a specific set of facts to void them. Different types of contracts exist and have a different effect on the involved individuals as well as on public policy. American courts do not enforce illegal contracts that are opposed to public policy. However, the law does not provide a substantial distinction on the situations that the contract bears the element of criminality, where the…………
APA 710 words