1BUSINESS LAWLAWS 20000DTERM ASSIGNMENT # 1The Learning Outcomes of the Assignment:1.Apply legal analysis to the evaluation of business situations.2.Manage legal risks associated with business.3.Apply the concepts in the area of law known as the law of contracts.4.Demonstrate professional behaviours.Format of the Assignment:As a group, please submit the assignment in MS Wordformat, on 8 ½ x 11 inch sizepaper with a font size of twelve. All answers should be in proper sentences andparagraphs with proper conventions on spelling and grammar (some marks will bededucted for poor spelling and grammar – up to 5%). The answers should be doublespaced, not more than 10 pages in length, and follow APA format. Submission Deadline:The assignment is due by electronic submissionto the course drop box by 11:59 p.m.Eastern Time on the night before the class in week # 5 of the course. Late Submissions:Late submission of the assignment will reduce your mark by 10% per business day it islate starting the day of the class with the loss of the first 10%. This penalty will beenforced except under very exceptional circumstances such as serious illness which isproperly documented with a verifiable medical note.Type:To be done in groups of five (5) students.
2Academic Offence to Discuss with People Outside of Group MembersThe questions in this assignment are intended to be the effort of only the members of your group. This means that you are NOT to discuss the questions or answers with students outside of your group NOR look at the work of students outside of your group. If you do discuss the questions or answers or look at the work of students outside of your group it is an academic offence, which will have serious consequences including a mark of zero on the assignment for all involved. If you have any questions or concerns, then please direct them to the professor.Percentage of Course Grade:The assignment is worth 10% of a student’s grade in the course.Description of the Task:In the assignment you are provided with two different fact scenarios raising variouscontract law issues. The first scenario relates to contract formation and aspects of thatprocess. The second scenario relates to the terms, performance and breach of acontract. Following each factual scenario there is a list of questions you are expected towrite full sentence and paragraph answers to those questions using APA style.