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Grantham University BA265 Business Law II Week 1 Assignment




In order for there to be a contract in place, the following four components must be present;Agreement-Paula has agreed to work for Next Corporation for the next two years. This implies that Next Corporation has offered her a position that is supposed to last at least two years (Miller & Hollowell, 2011).;Consideration-This is when something of value is received or promised in order for someone to make the deal (Miller & Hollowell, 2011). In this case it is implied the consideration would be job security for Paula for at least two years with Next Corporation.;Contractual Capacity-Both parties must be competent to form a contract (i.e. fully functional mental capacity) (Miller & Hollowell


Paper#20982 | Written in 18-Jul-2015

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