Unit 3- Contracts and Privacy Issues

Unit 3- Contracts and Privacy Issues - Contracts and...

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Contracts and Privacy Issues Contracts and Privacy Issues Marquetta Nixon Legal and Environment of Business Professor James Rambeau Date: August 5, 2011 Due Date: August 7, 2011
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Contracts and Privacy Issues First if all, a contract is an agreement between parties, with terms and conditions that are explains the agreement. A valid contract has four elements and they are: A meeting of the minds between the parties, consideration, an agreement to enter into the contract, and the legal competence of each party. The first element “A meeting of the minds between parties” means that they are there to let each party know that each parties understand and agree to the deal. The second element “consideration” means they came to an agreement to exchanged something of value (such as cash and goods). The third element “An agreement to enter into the contract” means that they are signing the contract, and some time oral contract can be valid. The
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This note was uploaded on 09/24/2011 for the course BUSN James Ramb taught by Professor Professor during the Spring '11 term at American InterContinental University.

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Unit 3- Contracts and Privacy Issues - Contracts and...

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