Business Law

Michael, the lead counsel of your company, is in need of advice on the most important issues in contract law affecting families. Your supervisor has asked you to discuss with Michael some of the problems involved with contracts.

• Explain the most important issues in contract law to Michael.
• Write 1 scenario with 2 parties and a transaction and explain how each element is present or not present in the scenario. (Be detailed in your scenario so that you are able to clearly demonstrate each of the concepts covered in your memo.)

What do you think is the biggest problem that married couples have in terms of buying anything together including a home? When couples purchase anything together, what are the personal and professional considerations that must be considered?

In your own words, post a substantive response to the Discussion Board question(s) and comment on other postings. Your response should address the DB question(s) and move the conversation forward. You will be graded on the quality of your postings, including mastery of the concept as well as critical thinking. If asked for your opinion, do not simply state that it is a good or bad idea; elaborate on your reasons and argument. Include enough detail to substantiate your thinking as well as your position on the questions or comments.