Discussion: contract risks | BUSI 2001 – Business Law | Walden University

 

Although contracts can be designed to protect the promisor and promisee of an agreement, it is important to understand that they also carry risk. If someone is careless or fails to read the terms closely before the interested parties sign, he or she may make a costly commitment.

For this Discussion, you will examine business contracts and assess potential issues and risks associated with those contracts, as well as ways to avoid these risks using scholarly resources on contract law.

To prepare for this Discussion:

  • Review the Learning Resources and consider these questions:
    • How do you know when an agreement becomes a contract?
    • What information should you know before entering into a contract?
    • What are ways to protect yourself as you enter or advise others to enter a contract?
  • Think of a negative experience that would have resulted or did result from the terms of a contract you entered or almost entered. Alternatively, consider the experience(s) of someone else you know or a situation you heard about on the news or on social media. You will use this experience or scenario to discuss the possible risks associated with contracts.
    • Note: If using a scenario from your own personal experience (or the experience of someone else you know) for this Discussion, be sure to substitute fictitious names for any people involved and any associated businesses.
  • Review the Academic Writing Expectations for 2000/3000-Level Courses.

By Day 3

Post a 150- to 225-word (2- to 3-paragraph) description of the risks that are associated with a business contract that you either experienced or observed. In your explanation, address the following:

  • Describe the business contract and the scenario that revolved around it.
  • Explain the risks of the contract and how they resulted (or could have resulted) in a negative situation.
  • Explain how you (or the person/interested party in the scenario) could have avoided (or did avoid) the negative situation by having a better understanding of contract law at the time.
  • Include a reference(s) to a minimum of one scholarly source to support your response.

Refer to the Week 4 Discussion Rubric for specific grading elements and criteria. Your Instructor will use this grading rubric to assess your work.

Read some of your colleagues’ postings.

By Day 5

Respond with at least 75 words (1 paragraph) each to two or more of your colleagues’ postings by providing additional information on any other contract laws that could have protected your colleagues.

Return to this Discussion in a few days to read the responses to your initial posting. Note what you have learned or any insights you have gained as a result of the comments your colleagues made.

EssayProffesor.com
Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.

Essays

Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

Admissions

Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

Reviews

Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

Reviews

Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.