Contract Issues and Worksheet
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Moi University *
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Nov 24, 2024
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docx
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Running Head: CONTRACT ISSUES AND WORKSHEET
1
Contract Issues and Worksheet
Student’s Name
Institution Affiliation
Course
Date
CONTRACT ISSUES AND WORKSHEET
2
Contract Issues and Worksheet
Below you will find a chart that is missing information.
By filling in this chart, you are starting to build
the foundation for your written contract. Fill in the missing data as complete as possible (for items such
as addresses and descriptions of the items, you can create that information).
Party names
Bob, Abigale
Date of the contract formation
10/17/2019
Addresses of the parties
Bob: 111 N Buckingham Dr
Abigale: 411 W Trespar Lane
Description of the items being purchased
Small, Garden Gnome like soldier toys that carry
garden tools
Date of delivery of the items
10/17/2019
Date and expected form of payment
10/17/2019 full amount paid in Cash
Agreed upon price
$710.00
1.
Other than the items listed above in the chart, what else needs to be present for this to be a
valid, written contract?
One item needed for this to be made a valid contract is a signature line.
2.
Why does this contract need to be in writing?
Without this contract being in writing it can be considered just an agreement rather than a contract.
3.
Reflecting upon the negotiation at the restaurant, what would you have done differently?
Would
you have offered the lower price of $700.00? Why or why not?
In this negotiation I would have continued to point out that Bob inspected the toys and agreed that they
are in excellent shape, and I would have shaken his hand and waiting until the next morning to call and
offer the $700 if he was still not sure about the agreement. Sometimes people need to leave the
situation and think the situation through in order to make a clear decision.
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