Contracts Rules Everything Around Me

Contracts move every aspect of commerce; big and small; down to every transaction in which you participate; down to the home you buy; the products you buy on Amazon; to the food you buy at the grocery store.

What questions do you have regarding the necessary elements required to form a legally binding contract; or in what circumstances is a contract legally formed or not?

(10) points will be awarded for a thoughtful question in this discussion thread that proposes a question of law for the class to answer whether a contract was legally formed or not?You must also provide a set of facts in which to apply the question of law.This can even be from a simple personal experience such as when you select an apple in the grocery store: are you offering to purchase the apple or accepting the advertised offer to purchase the apple? (more facts would be needed here to make this a thoughtfully proposed question but hopefully you get the idea).

(20) points will be awarded for a correct, thoughtful response to a question.In the response you must provide a source for the law or laws that support your conclusion (which will be a citation to the textbook).If your response does not have a source of law, then it is merely opinion.Law is formed by caselaw, statutes and regulations; both state and federal; also to a lesser degree by city ordinances.Your text and lecture notes summarize the law to the degree necessary for this course.Please also provide the necessary elements to form a legally binding contract in your answer.Expound in depth where necessary to support your conclusion.It is encouraged to have more than one answer to a question as the first responders are not always correct or awarded full points for having a meaningful response.

Also use the business law textbook edition 7 8 or 9 cite your responce to the question