BUS 311 Week 2 Assignment Critical Analysis Paper Contract Breach
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BUS 311Week 2 Assignment Critical Analysis Paper Contract Breach
Consider a situation in which you or someone you know engaged in a written or oral contract containing specific performance requirements from the contractor providing business services. In the situation, the contractor breached one or more of the contract performance requirements.
Using the six essential elements of an enforceable contract, provide a thorough analysis of the situation. Discuss the options under the contact while considering the potential of “substantial performance” and “inferior performance.” Also, consider potential remedies for the non-breaching party.
Use the following guidelines to format your paper:
Introduction
Describe the issue/topic area.
Define and describe any specific positions taken in this paper.
Provide an overview of the scope of what will be addressed in the paper.
AnalysisDiscuss the differences between "Substantial Performance" and "Inferior Performance" breach.
Consider the rights of the non-breaching party.
Explain the options the non-breaching party may have deduct cost of remedy, recover costs, rescind contract, consequential damages, etc.
At what point in the process would one be best advised to seek legal counsel?
This section must reflect an analysis and understanding of contract law.
ConclusionTheDQ must be constructive and reflect the main points of your analysis.
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BUS 311 Week 2 Quiz (20 Questions)
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1. Examples of businesses that are government granted franchises include all of the following except:
2. To be legally enforceable, an agreement must impose both a legal and moral obligation.
3. The party to whom a promise is made in the making of a contract is known as:
4. Emancipated minors are generally liable...