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Part 1 a) Contract law is one of the oldest legal systems on the planet. Contract law is a body of law that sets out the rights and obligations that arise from contracts. One of the most important aspects of contract law is the formation of a valid contract. Under U K contract law, there are two forms that these contracts can take: mutuality and unilateral. A contract will be valid if it satisfies the requirements for mutuality; this means that there must be an offer and acceptance of same by both parties involved in any dealings at all, and each party must have agreed to those terms voluntarily without unjustifiable influence. Additionally, parties should not be legally incapable of entering into a binding agreement, such as minors. This blog post argues that many commonsense rules are unjustified because they impose lopsided costs on companies due to their effect on competition or undermine consumers. Part 1 b) The UK's objective in leading Contract law is to increase transparency for potential buyers and sellers, to ensure that only legally binding contracts are enforced, and to give businesses a stronger position against litigation from future buyers. The

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rules and regulations of contracts. By knowing these rules, it will be easier to understand the contract clearly and what each party should do. Part 2 First, the key lesson that I learned from this article is that it's important for global business enterprises to also recognize the political advantages and disadvantages of different nations. Again, the article's focus on setting ethical standards is especially relevant to global businesses. By making clear what business practices are expected, a company's customers and employees are likely to feel safer working with the business. The law should be used as an instrument for ensuring strong ethics and compliance with ethical standards in all stages of business operations. Reference Gasper, J. E, Bierman, L., Kolari, J. W, Arreola-Risa, A., Hise, R. 7:, & Smith, L. M. (2017). Introduction to Global Business Second edition. Vi talSource Bookshelf]. Retrieved 305 85 62261

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