Bus 311 Critical Analysis Paper Business Law I - Contract ( Apa, W Citations, References, & Abstract)

Contracts
Your name
Ashford University
BUS 311
Business Law I
Your Instructor
date

Abstract
In this paper, I will reflect on the operation of contracts, business law show how contracts may be classified in several ways depending on the manner in which they are created, expressed, or performed.   to guide the work within the company.   I have learned a lot from this course and I will use that to help write this paper.   In the following paper I will discuss the oral or written contracts; I will discuss express or implied contracts; and I will discuss formal or simple contracts.   I will also discuss the impact of the contracts in a business and show the true propose of contracts.   I well show what is needed in a contract to be legally enforceable.   I will discuss how a contract must contain the following six elements: an offer and acceptances, a mutual agreement, a consideration, a competent parties, and legality of purpose, and proper form.   All of this will be discussed in depth in the following paper.

Contracts
Even though the operation of contracts, business law show how contracts may be classified in several ways depending on the manner in which they are created, expressed, or performed.   These includes: either oral or written; it may be express or implied; and it may be formal or simple. I will use what I have learned in this course to show the true propose of contracts.   I well show what is needed in a contract to be legally enforceable.   I will discuss how a contract must contain the following six elements: an offer and acceptances, a mutual agreement, a consideration, a competent parties, and legality of purpose, and proper form.   I will also discuss the impact of contracts in everyday operation of a business.   This will be done through analyzing identifying all the legal issue and elements of a contract.

The nature of a contract
A contract is a legally enforceable agreement that is created when two or more people agree to perform or to...