Difference between a contract and an enforceable contract

Assignment Help Business Law and Ethics

Reference no: EM13882627

Answer to question needs to be 150 words or more:

1. You have likely noticed that many products are similar. For instance, there is a "generic" of almost everything. How dissimilar does something have to be in order not to violate any laws such as trademark, copyright, etc?

2. Is there a difference between a contract and an enforceable contract? What is required in order to have an enforceable contract? Does it have to be written?

3. What is rescission of a contract? When can/should it apply? What is specific performance in contract situation? When can/should it be applied? Of these two remedies, which is most likely to be used?

4. Define personal property. What is the difference between mislaid and lost personal property, if any? If you find personal property, does your responsibility change depending on whether it is mislaid or lost?

5. Define real property. What are the different types of concurrent ownership of real property one can have? Which type of concurrent ownership is best?

6. In the U.S. our laws protect ideas, giving individuals the right to "own" the idea and profit from it. Other societies, however, believe that ideas are for the benefit of society and can not be "owned" by the individual. This sometimes cause problems when it comes to expansion. If something is made in the U.S., but the company wants to expand it to a country that has a different view of "ownership", does that create a problem? Why or why not?

Reference no: EM13882627

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