Application: The Elements of a Contract
The Elements of a Contract
A contract has three key elements: offer, acceptance, and consideration. If these three elements are not present, a contract may not exist. Sometimes, the presence of these elements can be elusive. For example, the mental intent of the parties may determine the existence of a contract. How can you determine a person’s intent? Clearly, this is a complex area of law where litigation should be left to lawyers. A public administrator, however, may have to form contracts as part of his or her job responsibilities. As such, he or she must be aware of the elements of contracting so as to enter into the most advantageous agreement for his or her organization while avoiding illegal contracts.
The assignment (2–3 pages):
Support your Application Assignment with specific references to all resources used in its preparation. You are asked to provide a reference list for all resources, including those in the Learning Resources for this course.