BUSN370 Regent University Legally Enforceable Contract Case Discussion I will need 2 responses to the following 2 discussion board posts. (see attached)
Original prompt from the discussion board – Utilizing the concepts from Chapters 7 through 11, post a message that identifies and explains the elements necessary to form a legally enforceable contract. What is the responsibility of each party in determining these elements and when would governmental intervention become necessary when balancing the interests of the parties? Liuzzo, A. L., & Hughes, R. C. (2019). Essentials of Business Law (10th ed.). New York, NY: McGraw Hill Education: Chapters 7, Introduction to Contracts;
Chapters 8, Offer and Acceptance;
Chapters 9, Mutual Agreement;
Chapters 10, Consideration;
Chapters 11, Competent Parties;
Chapters 12, Legal Purpose of Contracts;
Chapters 13, Form of Contracts;
Chapters 14, Operation of Contracts;
Chapters 15, Discharge of Contracts; and Matthew 25:14-29 (Stewardship). For the 2 responses – In addition, learners post a minimum of two responses to peer initial responses. The peer response should include additional research that expands upon one of key points noted in your peers initial response. The peer reply should be composed in a professional manner with a word count range of 150-350 words each.