Answered: Unit 5 Assignment Contract Terms…

Unit 5 Assignment Contract Terms Template Offer Acceptance Bilateral Contract Unilateral Contract Promissory Estoppel Quoted Definition with Citation Definition (in your own words) Example

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Question

Regardless of whether you own a business or are a stakeholder in a business,
understanding basic contract terms is important. Businesses enter into contracts with
many areas, from shipping to suppliers to customers. As a business owner or manager
knowledge of these basic terms will assist you in the day to day operations of the
business, regardless of the field.
Instructions:
• Fill in the attached template.
• For each term, define the term with citation to authority, define the term in your
own words and provide an example of each term

Unit 5 Assignment Contract Terms Template
Offer
Acceptance
Bilateral
Contract
Unilateral
Contract
Promissory
Estoppel
Quoted
Definition with
Citation
Definition (in
your own words)
Example

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