REFERENCE: Joyce Shepard, CEO of the Abstergo video game company in San Francisco, CA, has approached you for help in drawing up two contracts. First, she wants to hire Javier Diaz, a highly skilled artist and graphic designer, to create the character concepts for a new game. She needs to set up a business contract for the job. She also wants your assistance in drawing up a personal contract for renting an apartment in a building she owns as part of her personal property. Her new tenant is named Andrew Ryan.

Before you begin setting up these contracts, you will need to review the elements and processes that need to be included in creating a contract, the different types of contracts, and what elements are most appropriate for each contract you will be creating.

QUESTIONS

1. What would be the advantages of creating a written contract for Javier's work?

2. Could you create an oral contract for renting Joyce's apartment? Why or why not?

3. Explain the difference between a void contract, a voidable contract, and a binding contract.

4. Would it be desirable to make the contract with Javier transferable? Why or why not?

5. Why is the apartment rental contract a personal contract rather than a business contract?

6. What would Javier and Andrew be providing as consideration for their respective contracts?