Contract Law

| May 7, 2019

Suppose your 18-year-old brother is a bit confused about what to do after graduating from high school. He has come to stay with you for a while, and in his boredom has recently opened up a lemonade stand in front of your house. You are skeptical, as this seems like something a child, rather than a young adult, should run. However, he was a very successful lemonade stand operator when he was a child, and he has actually been making some significant money with his small business.

One of the reasons for his success is that he purchases very fresh lemons from his friend Peter down the street, who has three lemon trees in his back yard. Your brother is good friends with Peter, but sometimes they fight. You want to make sure your brother has a steady supply of lemons, in case he gets in another fight with Peter.

For this assignment, carefully review the background readings that cover the main elements of a contract. Then, write a short 1- to 2-page contract, specifying an agreement between your brother and Peter regarding the purchase of lemons. Include the main elements of a simple contract specified in the background readings. In addition to the short contract, include a few paragraphs at the end, explaining which background readings you consulted for your contract and how you used these readings to decide on what to include in your contract.

SLP Assignment Expectations

  • Answer the assignment questions directly.
  • Stay focused on the precise assignment questions. Do not go off on tangents or devote a lot of space to summarizing general background materials.
  • Use reliable and credible sources as your references. Articles published in established newspapers or business journals/magazines are preferred. If you find articles on the Internet, make sure they are from a credible source.
  • Reference your sources of information with both a bibliography and in-text citations. See the Student Guide to Writing a High-Quality Academic Paper, including pages 13 and 14 on in-text citations. Another resource is the “Writing Style Guide,” which is found under “My Resources” in the TLC Portal.

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Business Organization and Business Torts
Contract Law

Category: Completed Assignments

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