Describe and analyze the five elements of a contract

Assignment Help Business Law and Ethics

Reference no: EM131209008

Elements of a Contract

Suppose that the Fabulous Hotel hires you as head chef under a two-year employment contract. After two years, another hotel wants to hire you. However, in the original employment contract you signed with the Fabulous Hotel, the following paragraph appears:

"The below-signed agrees not to work as a chef for another hotel in the same metropolitan area for a period of two years after leaving our employ."

• Describe and analyze the five elements of a contract that must exist for this agreement to be enforceable.

• Explain why this contract is governed by common law or the Uniform Commercial Code (UCC).

• Examine at least two circumstances in which this non-compete agreement would be unenforceable.

Submit a four- to five-page paper (not including title and reference pages). Your paper must be formatted according to APA style as outlined in the approved APA style guide and must cite three scholarly sources in addition to the textbook.

Reference no: EM131209008

Questions Cloud

What is the current challenges : a) What is the current challenges, problems or issues that faced by Tesco worldwide? b) How would you advise Tesco to respond to changes in the event to major changes in the business environment? Discuss using the Ansoff matrix.

What is the maximum amount of insurance that delta can write : What is the maximum amount of insurance that Delta can write on a single building under the reinsurance agreement? Explain your answer.

Determine the required order of a filter : Replace the cutoff frequency specification of Example 15.3 with ωC = 10 rad/s and determine the order of the filter required to achieve 40 dB attenuation at ωS = 24 rad/s.

Ceo of the failed organization blockbuster : Imagine that you are the CEO of the failed organization blockbuster before the business failure took place. You now have the opportunity to lead the organization in a change process to prevent the impending failure.

Describe and analyze the five elements of a contract : Describe and analyze the five elements of a contract that must exist for this agreement to be enforceable. Explain why this contract is governed by common law or the Uniform Commercial Code (UCC).

Definition of the financial markets and monetary policy : Provide a short discussion or definition of the following terms: economics, finance, the financial system, net lenders, net borrowers, direct and indirect finance, financial markets, and monetary policy.

Just-in-time at valley memorial hospital : Describe the essential components of JIT. Describe how JIT is applicable to a service operation such as VMH. Responsiveness to customer needs is critical for VMH. Describe how JIT principles can help improve the customer response.

Write the key objectives of a good internal audit system : Define and explain the term auditing.'' Personal qualities of an auditor are important for the successful conduct of audit ''. Write the key objectives of a good internal audit system. Narrate the points of dissimilarities between external audit and ..

Explain description of business situation that present issue : Explain description of a business situation that presents a legal and ethical issue. A description of at least two ethical theories under which the situation will be analyzed.

User Account

All Pages