Question 1
It’s time to delve into contract law, at least momentarily. Contracts are integrated into our everyday life whether we realize it or not. If you make a purchase at a store, you are creating a contract for the purchase of said items in return for cash, check or credit. While this may not be a traditional type of contract consisting of a written document that all parties sign, this is nevertheless a contract.
Much the same, we deal with contracts on a day-to-day basis in the business world. But, can everything be contracted? Or are there certain contracts that are void or voidable (hint, hint)?
Write a 2-3 page paper using proper APA formatting. Within this paper you are asked to analyze the types on contracts that are void and voidable as well as why they are forbidden in the business world. Below are some ideas to help get you started:
- Compare and contrast void and voidable
- Against public policy
- One-Sided
- Minor exception
- Mental Capacity
- Illegal Contracts
Question 2
Throughout this module, you studied the topic of eminent domain, which is the power to take private property, without permission from the owner, for public use by a state, municipality or private person or authorized corporation, following the payment of just compensation to the owner of that property.
For this written assignment, in a 2-3 page paper, locate an example of eminent domain and:
- Share a summary of what happened.
- Discuss whether you think the taking of the property from your example is fair. Why or Why not?
- Should the government be able to take your property through the process of eminent domain? Why or Why not?
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