Summarize lessons on contracts – Business Law and Ethics

Summarize lessons on contracts – Business Law and Ethics

Case – Just for Practice

You have been asked by your next door neighbor, Dr. Vickery, to handle some things for him while he is away on a luxurious vacation. He wants you to contract with a handy-man to have shelves built in his game room. He has left behind a sketch of how he wants his room to look, but has left you little else in the way of instructions. Realizing that your grade hangs in the balance and you had better get this right, you spend a little time thinking before you get started.

“Piece of Cake,” you think, “I had business law last semester and we learned all about contracts! If only I had listened more!”

1. Summarize what you learned about contracts in the pre-requisite for this course.

2. List the elements of a contract that we discussed and describe which ones are most important for this job.

3. Given your answer to number 2, what other information do you wish you had?

4. If you were representing the government, what things do you think you would have to worry about?

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