Voluntary agreements between two or more parties

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Reference no: EM133613812

Question

Contracts are voluntary agreements between two or more parties that are enforceable by the courts of law, unless there is a defense to enforcement. The terms of a contract become private law among the parties. Your client, SunSouth, operates 21 John Deere dealerships that sell farm equipment, supplies and other merchandise and provide service and support for agricultural, residential and commercial products. You've been asked to provide training for the Human Resource Department regarding contracts that the dealerships could expect to use in the operations of their respective locations. Explain to them what is required in order to create an enforceable contract and give two examples (types of contracts), including details of terms that would need to be negotiated and when/how agreement on the terms becomes binding on the parties.

Reference no: EM133613812

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