DUE Sunday, Janaury 26, 2014 APA Style in-text and reference 1500 words

DUE Sunday, Janaury 26, 2014 APA Style in-text and reference 1500 words

Analyze a Contract
In an organization, there are many contracts that can be used. In your career in the business field you may be required to
sign and approve contracts. In your personal life, you may be required to sign contracts for purchases, estate planning,
and banking, just to name a few. Your understanding of contracts and the laws governing these contracts will help protect
you in both your career and personal life.
Your research project is to analyze a contract. Using an Internet search engine, find a free downloadable example of a
contract (this needs to be a contract that can be downloaded into Microsoft Word). You may want to use key terms such
as free, contract, or templates. Download the document into Microsoft Word. Using the comments option in Word, identify
the basic elements of the documents, and the mandatory information required in the contract. Save the document with
your comments. In another Word document, answer the following questions in regards to the contract you chose to
analyze.
1. Create a scenario in which this contract would be used. Name the parties involved and give background
information as to why this particular contract is being used. Are there third party beneficiaries involved in this
contract? Who are they, and what role do they play?
2. Explain the laws that govern this contract. Use specific examples within the contract to support your answer.
3. Is this contract fair? Using specific examples, explain why, or why not.
4. Is this contract completely integrated or partially integrated? What type of parole evidence might be used to
question the contract issues? Use specific examples that might apply to your type of contract.BBA 3210, Business Law 3
5. Does this contract allow for the assignment of rights? Describe a situation in which this contract might be
assigned, and discuss what should occur during this assignment to protect all parties involved.
6. Discuss what would need to happen if an obligor indicates he intends to appoint another person to perform his
contractual duties.
Your research project (not including the contract) should be at least 1500 words and should follow APA format style.
1500 words and should follow APA format style.