SOLUTION: BUS 210 Waubonsee Community College Formation of A Business Entity Discussion

View attached explanation and answer. Let me know if you have any questions.

Running head: BUSINESS DISCUSSION

1

Business Discussion

Student’s Name
Institution
Course
Professor
Date

BUSINESS DISCUSSION

2
Business Discussion

1. Business Contract
A valid and legally enforceable contract has four elements. It must have a valid offer
and acceptance, which make up the mutual assent aspect of the contract. Another element is a
consideration, which describes the value aspect that is exchanged to make the contract
binding between the offeror and offeree. This could be in the form of money or even a
promise of service or an act. Moreover, a legally enforceable contract must have the capacity
as another element. Capacity describes the legal right and ability of both of the parties
involved to fulfill their contract obligations (Perillo, 2000). In this regard, there are various
defenses with which one could get out of a contractual obligation. First, the defense argument
could be about the offer and acceptance terms; if the terms and conditions of the contract
change or they are illusory, incomplete, and/or vague, then it could be the argument with
which to get out of contract obligations. Secondly, the argument could be about the capacity,
where one could argue that the other involved party does not have the capacity to make the
contractual agreement. Thirdly, the defense could also be based on the legality of the
contract’s purpose. In this aspect, an enforceable contract must be for a legal purpose, and
one could get out of his or her contractual…

15 Million Students Helped!

Sign up to view the full answer

Duepapers
Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.

Essays

Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

Admissions

Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

Reviews

Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

Reviews

Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.