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 Overview:

Regardless of whether you own a business or are a stakeholder in a business, understanding basic contract terms is important. Businesses enter into contracts with many areas, from shipping to suppliers to customers. As a business owner or manager knowledge of these basic terms will assist you in the day to day operations of the business, regardless of the field. Instructions:

• Fill in the attached template.

• For each term, define the term with citation to authority, define the term in your own words and provide an example of each term. Requirements:

Unit 5 Assignment Contract Terms Template

 

LAW204 – Business Law I

 

 

  Quoted Definition with Citation Definition (in your own words) Example
Offer      
Acceptance      
Bilateral Contract      
Unilateral Contract      
Promissory Estoppel      

 

 

 

 

 

References

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