Premium Essay

Bus 311

In: Business and Management

Submitted By Lilpurp79
Words 1241
Pages 5
Elements of a Contract name BUS311: Business Law I (CID1320A)
Instructor:
May 23, 2013

Elements of a Contract
In our lives we enter several contracts because they are one of the cornerstones to the world of business. There are several elements that can make a contract legally binding. These elements were created to protect all parties entering a contract and if any of them are not included to a contract, then the contract can be voided and will not hold up in the court of law. These elements consist of offer, acceptance, consideration, legality and capacity.
In the fall of 2010, I entered into a contract with a landlord and the City of New York. I was in a shelter with my family and had received our voucher to move out to our own place. The voucher was a part of the Work Advantage program. It basically stated that the City of New York would help us pay a certain amount of rent for our new place for up to two years. Before accepting this part of the offer I had to find a location for us to move to. The voucher also stated that the amount they would help us pay could not exceed $1316. With the assistance of the shelter case manager we found a nice two bedroom apartment for a $1250. Once we saw the apartment and the landlord offered us the apartment. The offer was the first element to a legal binding contract. It is an invitation for another to enter into a contract (Rogers, 2012).
Next, my spouse and I had to decide if this apartment was best for us. Acceptance is the following element. It is an Acquiescence to enter into a contract under the terms of the offer (Rogers, 2012). We made sure that the landlord was aware that small children would be residing with us. At the time, are children’s ages ranged from newborn to six years of age. I also made sure that he was aware that our eldest child had Attention Deficit Hyperactivity Disorder…...

Similar Documents

Premium Essay

Mgt 311

...MGT/311 Riordan Manufacturing – Team Strategy Plan Part I. Team Strategy Plan Being part of a group of newly hired team the Superintendents at Riordan Manufacturing believes in trusting teams; also, this is the key way to suppling work duties and completing a job on time. Teams will start to develop from present employees and some will be new hire. This purpose of the teams is to begin production of the newly designed CardiCare Valve heart valves at the Pontiac Michigan provision. The objective of this team strategy plan is to identify strategies available to build the teams. In addition, there are challenges or barriers that may occur. Then we must know how to determine the best strategy and discussed. Finally, to ensure effectiveness, certain procedures that had to be taken to determine each team’s success. There are many strategies to bring into play in creating successful teams. After selecting team members, the superintendents will have to agree on what strategies are helpful in team building. Than their will have to be a leader, so creating a leader for the teams will build certain members of the team so they will know what his or her role is, and the workload can be evenly distributed. An excellent leader will distribute workers skills and put a person into the right job task within the team. Some team building strategies will make sure that the groups who make up your production work together as a team towards the same goal. Having understanding by......

Words: 1270 - Pages: 6

Premium Essay

Mgt/311 Riordan Manufacturing

...Riordan Manufacturing Employee Profile Michael A Jones MGT/311 Bruce Bowring There were three employees that whom were coworkers of mine that participated in a number of self-assessments. These assessments showed results for man different areas including; How well they liked their job, how emotional they were, how engaged they were, their emotional intelligence, how they felt now and if they were a deliberate decision maker. Each employee had different results and each could bring something differently to the organization. However based of the results they may also need additional assessments. My first participant was a 19 year old male named John Indvick. John was pretty new to the army and was just settling in to his new job. As with most new employees John was very satisfied with his new job and was enjoying being able to keep busy all of the time and also being able to work alone when he has the chance. This can show a few things, for one it can show that he may not be a team player and doesn’t really like working as a team. Another issue he had not being able to tell people what to do. This is probably based off the fact that he is new and had to start at the bottom. Because of these findings he may need an additional assessment. The assessment I recommend for him is the goal setting assessment. He wants to succeed and do well and move up in the company. This assessment will allow him to set goals and potentially meet those goals and advance in this......

Words: 533 - Pages: 3

Premium Essay

Bus 311 Final Paper

...Growing Acme Fireworks Derex. D. Moore Instructor Shawn Grimsley BUS 311: Business Law June 30, 2014 Growing Acme Fireworks There is much to consider when expanding a business. How will you make, market, and distribute your product. Are you willing to take full liability for your product and understanding the legalities of what happens if your product is defective? Once that has been established, it’s important to make sure that your business dealings are in order. The strength of the contract and what all it entails. Knowing that the legal document is important more so when things tend to go downhill. Above all is deciding which type of business entity the company will select especially if the company starts out small and looks to expand. Which entity will best serve the growth of the company such as Acme Fireworks? Some years ago I watched a movie called fight club. The movie dealt with a ton of social issues. One of the characters worked for a car company that would fly out their employers out to the areas where there were car accidents. They worked almost as an insurance adjuster that would come and appraise a vehicle once it has been in a wreck and determine, based on the damages how much they would award the car owner. However in the case here the employees would view accidents all over the country and decide if it would cost more to recall the product or pay the total fee for the said accident. If the cost was too much to do a recall then the......

Words: 2377 - Pages: 10

Premium Essay

Bus 311 Final Paper

...Final Paper Jason Rhone BUS311: Business Law I Professor Timory Naples 11 Aug 2014 Final Paper Acme Fireworks has came a long ways in the past 15 years and thus has accepted some changes that will be challenging. If the large orders do not continue, the company will not have the funds to pay the new employees. Acme Fireworks should expand to a larger business entity because expanding to a larger business entity will allow the company to negotiate larger contracts with other companies, and the company will never reach its full potential until it has expanded to a larger business entity. Consumers are commonly the victims of mishandled fireworks. There are various ways that fireworks can be mishandled, such as: lighting fireworks improperly, lighting fireworks too close to others, or lighting the fireworks while still holding them. Fireworks can have dangerous affects, whether handled properly or improperly. Fireworks are also capable of being manufactured improperly. Acme Fireworks seeks desperately for consumers to avoid risk while handling fireworks. There are warnings and directions attached to every firework package that is available for purchase. Acme Fireworks requests that all consumers to read the warnings and precautions before use. Never allow children to use fireworks without adult supervision. Only use fireworks outdoors, away from houses and fire hazards. Never try to reignite used or malfunctioning fireworks. Always keep a bucket of water nearby......

Words: 1331 - Pages: 6

Premium Essay

Final Bus 311

...| Business Changes | Buss 311 Alex Hooley | sandra chapman 11-17-2014 | There are many liabilities to owning, manufacturing, selling and using fireworks. The potential personal liabilities for injury to consumers caused by fireworks can be devastating to those involved but taking precautions and having warning labels/notices can reduce these risks. Taking on larger business sales of fireworks should include changing from a sole proprietorship to a LLC. With this transition there would also be an increase in employees or independent contractors in order to manufacture more product for the high volume of orders. Creating a valid contract is most important to have before making any of these necessary changes to a business or else there would be a devastating effect on the manufacturing party. As the manager of Acme Fireworks I have decided to choose Common Law over the Uniform Commercial Code (UCC) because if any changes are made it will lead to the rejection of the initial offer rather than not having much of an impact like the UCC law would by treating it the same. The contract in Common Law would have to be modified with additional consideration in order to make any changes where the UCC it would not impact the original offer and if signed in writing it would not revoke that contract. The UCC is more interested in quantity and Common Law is interested in quality and quantity as well as the price and nature of the work. It is important in the fireworks......

Words: 2028 - Pages: 9

Free Essay

Bus 311 Ip 1

...The two sections of date that I picked for this assignment is gender for the qualitative data and intrinsic for quantitative data. The data selected will be discussed and analysis until a conclusion is made. For qualitative data I picked gender. I put gender because I felt that is was the best option of the two. The gender I picked was female. I picked female because I’m female. The quantitative data I picked was Intrinsic. I picked intrinsic because Of what the definition said it was which was belonging naturally. A qualitative variable is a variable without a sense of order. A qualitative variable is measured on a nominal scale. A nominal scale is a scale with no order but has some numeric values are nominal. An example nominal scale would be the data showed on the excel sheet for this assignment where male and female are showed as, 1-male and 2-female. Quantitative variables are numerical. An example of quantitative variables would be the number of people in a town which is a measurable attribute. Population is a quantitative variable. An easy way to remember the two variables is when you think of qualitative variables think or something being categorical and when you think of quantitative think of numerical. Qualitative variable The data above use qualitative variable. As stated before a qualitative variable is measured on a nominal scale. A nominal scale is a scale with no order but has some numeric values. An example nominal scale would be the data......

Words: 567 - Pages: 3

Premium Essay

Week 3 Outline Bus 311 Ashford

...Acme Fireworks Outline I. Introduction A. Thesis Statement There are many benefits to having a sole proprietorship in the firework business, but if the sales decrease will the owner be able to maintain a fully functional business entity with the extra staff that were incurred due to the demand of more firework displays that were put into contract? The owner wants to know more and I will try and help him with his business through proposing a new business entity, different employment types and relationships relevant to law, the liability to Acme Fireworks if spectators are injured due to his displays, and the contract and whether it is enforceable under UCC. II. Body paragraph #1 - Topic Sentence # 1 As with all other business, Acme would be no different when coming into a problem with potential personnel liability. If a spectator is injured by a stray firework from one of their display stands do you think they would be responsible or would the blame fall on someone else? A. Supporting Evidence In a recent excerpt from Findlaw.com states, “Injured spectators may be able to hold the person or company setting off the fireworks liable through negligence”. B. Explanation Regardless of where the firework display stands are set up for these different business organizations, Acme Fireworks will ultimately still be responsible for injury if for instance a stray firework were to go off and hit a spectator...

Words: 937 - Pages: 4

Premium Essay

Ece 311 Week 4

...ECE 311 WEEK 4 A+ Graded Tutorial Available At: http://hwsoloutions.com/?product=ece-311-week-4 Visit Our website: http://hwsoloutions.com/ Product Description PRODUCT DESCRIPTION ECE 311 week 4, I choose the curriculum that I am most comfortable with and this is the pre-kindergarten age group. There are several theories that guides this curriculum which include but not limited to Erikson’s development stages, Brokfenbrenner’s Theory of Ecological Systems, Paiget’s development theory and Gardner’s theory of multiple intelligences. The combination of one or two of these theories allows the teacher to choose appropriate learning strategies suited for the class. A description of the philosophies/theories you have chosen for the final paper The philosophies, ideas and concepts in early childhood classrooms are very important in preschool education since these allows the students to experience the classroom setting that will later aid them in coping up with higher educational level in high school and college. It is necessary that both in home and in school that the child is supported in their growth and development by providing them with the best information and practice that will prepare them in their classes and succeed in attaining the needed educational skills. The different development and learning domains are interrelated and should be considered as one set which include physical, social, emotional and cognitive domains. The event or influences that affect......

Words: 295 - Pages: 2

Free Essay

Ece 311 Week 3

...ECE 311 WEEK 3 A+ Graded Tutorial Available At: http://hwsoloutions.com/?product=ece-311-week-3 Visit Our website: http://hwsoloutions.com/ Product Description PRODUCT DESCRIPTION ECE 311 Week 3, To Whom It May Concern: I would like to express my concern in this letter as a parent of one of the children in the Kindergarten class at your school. I am disturbed about the use of mandated textbook curriculum you for the Kindergarten students in the development of their literacy skills. I have a strong disagreement and feel that this text-book curriculum is not developmentally appropriate for the children in Kindergarten. In my opinion, Developmentally Appropriate Practice (DAP) is more suitable since it involves doing things in much better way. The age of the children ask that they have classes that will promote and support the development of wide range of abilities and interests of children through the conduct of relevant activities that optimized fun in learning. In support to the increasing quantity of human brain development, early childhood professionals should adapt innovative and appropriate means to address children’s learning and assist them in the best possible ways to become successful in cognitive, social, physical and emotional aspects. Jaruszewicz (2012) reported that various instructional materials and strategies are encourage in using DAP. Children have the chance to be creative and free to move aroundto to move around the classroom as much as......

Words: 340 - Pages: 2

Premium Essay

Mgt 311 Entire Course

...MGT 311 ENTIRE COURSE A+ Graded Tutorial Available At: http://hwsoloutions.com/?product=mgt-311-entire-course Visit Our website: http://hwsoloutions.com/ Product Description MGT 311 ENTIRE COURSE, Week 2 Assignment Employee Portfolio Management Plan You are a manager of three employees at Riordan Manufacturing. You recently had these employees take a series of self-assessments to aid you in managing them. Now that you have these assessments, you are now tasked with creating an Employee Portfolio for each of the employees to help guide you in developing ways to best manage them. Resources: Results of Self-Assessments, University of Phoenix Material: Employee Portfolio Management Plan Complete the Employee Portfolio: Management Plan found on your student website for each of the three employees. Write a 350- to 700-word summary. Include the following in your summary: How might these three employees’ characteristics affect the performance of the organization? Recommendations for additional assessments. Submit the Self-Assessment Results with the Employee Portfolio and Summary. Week 2 Assignment Reflection Summary Discuss the objectives for Week One and Two. Your discussion should include the topics you feel comfortable with, any topics you struggled with, and how the weekly topics relate to application in your field. Write a 350- to 700-word summary of the team’s discussion. Week 3 Assignment Employee Portfolio Motivation Action Plan You are a manager for...

Words: 1863 - Pages: 8

Premium Essay

Ece 311 Week 4

...ECE 311 WEEK 4 To purchase this visit here: http://www.activitymode.com/product/ece-311-week-4/ Contact us at: SUPPORT@ACTIVITYMODE.COM ECE 311 WEEK 4 Final Paper Outline. Review the Final Paper instructions in Week Five. Submit an outline that identifies the age group you have chosen for your Final Paper and provide a brief description of each philosophy/theory you have chosen for your Final Paper. Cite your text and at least two other scholarly sources. This assignment should include: 1. A title page 2. Identification of the age group you have chosen 3. A description of three philosophies/theories you have chosen for the Final Paper 4. A reference page Your outline should be one to two pages in length, not including the title page and reference page. The outline (as well as the title page and reference page) should be formatted according to APA style as outlined in your approved style guide. Activity mode aims to provide quality study notes and tutorials to the students of ECE 311 WEEK 4 in order to ace their studies. ECE 311 WEEK 4 To purchase this visit here: http://www.activitymode.com/product/ece-311-week-4/ Contact us at: SUPPORT@ACTIVITYMODE.COM ECE 311 WEEK 4 Final Paper Outline. Review the Final Paper instructions in Week Five. Submit an outline that identifies the age group you have chosen for your Final Paper and provide a brief description of each philosophy/theory you have chosen for your Final Paper. Cite your text and at least two......

Words: 911 - Pages: 4

Free Essay

Ece 311 Week 3

...ECE 311 WEEK 3 To purchase this visit here: http://www.activitymode.com/product/ece-311-week-3/ Contact us at: SUPPORT@ACTIVITYMODE.COM ECE 311 WEEK 3 Mandated Curriculum vs. Developmentally Appropriate Practices. You are a parent who is concerned about the new state-mandated, textbook-based curriculum for kindergarten, and you are writing a letter to the school board in protest of this new policy. In your letter, define DAP, describe the benefits of DAP, and explain why you feel the use of a textbook-based curriculum may be inappropriate. Describe potential negative effects of this curriculum and how it is developmentally inappropriate to literacy development. Recommend an alternative approach to developing literacy skills. In your letter, use the kindergarten standards from your state and the guidelines for DAP described in the course text as well as in NAEYC resources. The paper should be 2 to 3 pages in addition to the title page and the reference page. Use at least one scholarly reference in addition to your text. Your paper should also be formatted according to APA style as outlined in the Ashford Writing Center. Activity mode aims to provide quality study notes and tutorials to the students of ECE 311 WEEK 3 in order to ace their studies. ECE 311 WEEK 3 To purchase this visit here: http://www.activitymode.com/product/ece-311-week-3/ Contact us at: SUPPORT@ACTIVITYMODE.COM ECE 311 WEEK 3 Mandated Curriculum vs. Developmentally Appropriate......

Words: 1273 - Pages: 6

Premium Essay

Bus 311 Course Success Begins / Tutorialrank.Com

...ASHFORD BUS 311 Week 1 DQ 1 Whistleblowing (Old) For more course tutorials visit www.tutorialrank.com Read Case Question #30, Whistleblowing, in Chapter 2 of your text. Provide a DQ for each of your answers to the following questions. Respond to at least two of your fellow students’ postings. a. If Ayer did nothing, would he still have made an ethical decision? b. If Ayer did nothing because he was concerned that if he complained and manufacturing was suspended many workers would lose their jobs, would he have made an ethical decision? c. Assume Ayer considered blowing the whistle on the firm by releasing information to the newspapers and television networks. Is it likely that such action would have any effect on the firm or on Ayer? --------------------------------------------------------------------- ASHFORD BUS 311 Week 1 DQ 2 Administrative Law (Old) For more course tutorials visit www.tutorialrank.com Research a federal agency online and discuss each of the following questions: •What businesses does the agency oversee or regulate? •Why is it important that this agency oversee or regulate these businesses? •What recent action or ruling has the agency made? --------------------------------------------------------------------- ASHFORD BUS 311 Week 2 Assignment Critical Analysis Paper Contract Breach (Old) For more course tutorials visit www.tutorialrank.com Consider a situation in which you or someone you know engaged in a written or oral......

Words: 2525 - Pages: 11

Free Essay

Bus 311 All Dqs Assignments and Quizzes

...BUS 311 ALL DQS ASSIGNMENTS AND QUIZZES TO purchase this tutorial visit following link: http://wiseamerican.us/product/bus-311-dqs-assignments-quizzes-2/ Contact us at: SUPPORT@WISEAMERICAN.US BUS 311 ALL DQS ASSIGNMENTS AND QUIZZES BUS 311 Week 1 DQ 1 Applying the Law to a Set of Facts BUS 311 Week 1 DQ 2 Tort or Crime BUS 311 Week 1 Quiz BUS 311 Week 2 Critical Analysis Paper BUS 311 Week 2 DQ 1 Elements of a Contract BUS 311 Week 2 DQ 2 The Uniform Commercial Code (UCC) BUS 311 Week 2 Quiz BUS 311 Week 3 DQ 1 Employment-at Will BUS 311 Week 3 DQ 2 A Principal’s Responsibility for the Actions of Their Agent BUS 311 Week 3 Final Paper Prep BUS 311 Week 3 Journal Your Experience with Business Law BUS 311 Week 4 Business Ethics – Journal BUS 311 Week 4 DQ 1 Real, Intellectual, and Personal Property BUS 311 Week 4 DQ 2 Business Ethics BUS 311 Week 4 Multimedia activity Business Organization BUS 311 Week 5 DQ 1 Intellectual Property and Technology BUS 311 Week 5 DQ 2 The Global Marketplace BUS 311 Week 5 Final Paper BUS 311 ALL DQS ASSIGNMENTS AND QUIZZES BUS 311 Week 1 DQ 1 Applying the Law to a Set of Facts BUS 311 Week 1 DQ 2 Tort or Crime BUS 311 Week 1 Quiz BUS 311 Week 2 Critical Analysis Paper BUS 311 Week 2 DQ 1 Elements of a Contract BUS 311 Week 2 DQ 2 The Uniform Commercial Code (UCC) BUS 311 Week 2 Quiz BUS 311 Week 3 DQ 1 Employment-at Will BUS 311 Week 3 DQ 2 A Principal’s Responsibility for the Actions of Their Agent BUS 311......

Words: 366 - Pages: 2

Free Essay

Bus 311 Research

...Johnny Mccullor August 10, 2012 Bus 311 Research Correlational Research are used for various reasons such as researched in research experience. You may see the outcome of the research, but how can it be used? I believe the well known Stanford Prison Experiment, popular in Sociology can be used in the workplace, as far as stopping negativity or controlling it and seeing what it can do to the moral of staff. Body (3 paragraphs) The study I chose was the Stanford Prison Experiment, which is information that can be used in prisons to date to help manage the prison population for various reasons. The variables were the participants themselves. All of the same age, background, and education, but some were made prisoners and some guards. The variable is the role they played in the research experiment. The researchers were able to mentally manipulate the prisoners in to thinking the guards were bigger and stronger than they were, but they were in fact not. The overall experiment was to determine what the impact of prison life has on someone mentally and physically. I believe the warden or manager that is running the prison could use this data to begin the rehabilitation process immediately. In the study the mental breakdown began immediately. This would also be a tough sell; they did after all do something to get them there and were unable to be contributing citizens. Outside a prison you may use this at work and the two variables would be how do......

Words: 504 - Pages: 3