Reference no: EM132238247

Critical Analysis Paper

Describe an example of a contract that you or someone you know entered into (e.g., rental agreement, cell phone agreement, property purchase or lease [e.g., car, home, furniture, etc.], home or car repair, or student loan agreement). In your description, be sure to provide specific contractual details including parties and subject matter involved. You must also address the following:

Define the five essential elements of an enforceable contract, and demonstrate how each element relates to your example.

Explain the circumstances of a breach of contract in your example, and discuss possible remedies.

The paper must be three to four pages in length (excluding title and reference pages) and formatted according to APA style as outlined in the Ashford Writing Center. You must use at least two scholarly sources other than the textbook to support your claims. Cite your sources in-text and on the reference page.

Rogers, S. (2012). Essentials of Business Law [Electronic version].

Chapter 4: Contracts: Offer, Acceptance, and Consideration

Chapter 5: Contracts: Capacity, Genuine Assent, the Statute of Frauds, and Illegality

Chapter 6: Third Parties, Performance and Discharge of Contracts, and Remedies

Chapter 7: The UCC: Formation and Modification of the Sales Contract