Question
BUSINESS LAW 111 ASSESSMENT PROJECT
Your Assessment Project consists of the following items:
1. Define and explain in detail the different types of contracts. (Review Chapter 11 for
this information. There are 13 different types of contracts discussed. You are required to
discuss at least 11 of these contracts.)
2. Recite and explain in detail the elements of a contract. (The elements of a contract are
identified in Chapters 12-14, inclusive.)
3. List and give examples of the remedies available for breach of contract. (Chapter 19
addresses this item.)
4. Define what the Uniform Commercial Code (UCC) is, and, how it is applied in the
United States. (Chapter 20 discusses the UCC.)
5. Identify commercial paper and negotiable instruments and how they are used.
(Commercial paper and negotiable instruments are used interchangeably. Review Chapter
25 for more information regarding these topics.)
You are being evaluated on the following:
1.
2.
