1. Identify and explain three differences between UCC Contracts and Common Law Contracts.  2. What are the benefits and disadvantages of adopting the UCC?  3. Why is it important to understand the difference between UCC Contracts and Common Law Contracts?

The four agree to a formula under which they will price the shares pursuant to granting each other the right to buy the shares of an owner who decides to sell. This is an example of what kind of restriction on transfer? Multiple Choice Provision disqualifying purchasers Put agreement Consent constraint Buy-and-sell Option agreement

Select the statement that describes how bilateral and unilateral contracts are alike and different. Both contract types involve two parties. But in bilateral contracts, both parties make a promise; in unilateral contracts, only one party does. Both are valid contract classifications, but only bilateral contracts involve two parties. Both are valid contract classifications, but only unilateral contracts involve two parties. Both contract classifications involve two promises, but only bilateral contracts involve two parties.

1) What is a Contract and what are its elements? 2) When is there a VALID OFFER? 3) What is Breach of Contract? 4) Differentiate Void from Voidable Contacts.  5) When is there Undue Influence in a Contract?

Contracts are meant to be broken. What happens when you breach a contract? Find a case and explain what went wrong with the contractual situation, what was the outcome and the remedy. Did the Parties need to mitigate damages? How would you have handled the situation to avoid the outcome of breach?  Are you in agreement with the outcome? Why? Remember to cite the case name and give us a factual background as to what happened.

When signing a contract, how can you ensure consideration? Renegotiating an excisting contract : how do you meet the consideration requirement?

The elements of a valid contract is an offer, acceptance, consideration and intention to contract. An offer and acceptance equals an agreement. While consideration can be defined as something in the eyes of the law which can compensate or be adequate compensation for the promise to do an act. However, consideration is not an essential element in any contractual agreement. Parties to a contract  simply have to  establish  an agreement and consideration can be ignored. Critically discuss.  Requirements   1- An introduction and a conclusion.   2-  A critical discussion on the concept of what are the elements of a valid consideration, inclusive of rules governing a valid consideration.   Use landmark cases such as: Chappell and Co v Nestle Ltdjones vs padavattonstilk v myrickfisher vs bellhyde v wrenchhyde vs wrenchCurrie v Misa   . Provide scholarly references

What risks do buyers associate with each of the different types of contracts (fixed-price, incentive, or costs contracts)?

What are the essential elements of a valid contract under business law, and how do they contribute to the enforceability of the contract?

You've read about the statute of frauds and how it requires certain agreements to be in writing (remember the acronym MYLEGS). Thinking about all contracts, do you think that all contracts should be in writing? Or do you think this would hinder or slow down transactions?  Please discuss your thoughts on these questions while keeping in mind the purpose behind the statute of frauds.