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Describe and analyze the five elements of a contract

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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

Read the following chapters in: Business law for managers:

• Chapter 5: Administrative Law
• Chapter 9: Contracts, Part I: Introduction and Formation
• Chapter 10: Contracts, Part II: The UCC
• Chapter 11: Contracts, Part III: Risk of Loss Rules, Negotiating
• Contracts, and Working with an Attorney

Seaquist, G. (2012). Business law for managers [Electronic version].

• This text is a Constellation course digital materials (CDM) title.

Reference no: EM131759503

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