Chapter 12: Contract Performance, Breach, and Remedies
When it is no longer advantageous for a party to fulfill his/her contractual obligation, breach of contract
may result. Breach of contract occurs when a party fails to perform part or all of the requi
Chapter 11: Formation of Traditional and E-Contracts
Contract law must provide rules to determine which contract terms will be enforced and which promises
must be kept
Promise- An assertion that something either will or will not happen in the future.
Chapter 10 Business Organizations
Sole Proprietorship- The simplest from of business organization, in which the owner is the
- More than two-thirds of all U.S. businesses are sole proprietorships with revenues of less
than $1 million per year.