eBook: Prenkert, J. D., Barnes, A. J., Perry, J. E., Haugh, T., & Stemler, A. (2

eBook:
Prenkert, J. D., Barnes, A. J., Perry, J. E., Haugh, T., & Stemler, A. (2022). . Business law: The ethical, global, and e-commerce environment (18th ed.). New York: McGraw-Hill Education.
In Chapter 10, we will learn about one element essential to all contracts: the offer. Chapter 10 explains the requirements for an offer to be legally valid. Chapter 10 also examines when an offer can be terminated.
• Chapter 10: The Agreement: Offer
Chapter 11 examines the second element required for a valid contract: the acceptance. In Chapter 11 you will learn about the elements that must exist for an acceptance to be legally binding and the different ways a party can accept an offer.
• Chapter 11: The Agreement: Acceptance
Articles, Websites, and Videos:
This video explains how offers can be accepted.
Watch Video
Accepting an Offer
Duration: 3:41
User: The Business Professor – Added: 2/23/15
This video explains how an offer can be revoked.
Watch Video
Revoking an Offer
Duration: 3:00
User: The Business Professor – Added: 2/23/15
Overview: 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.
Assignment 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.
Requirements:
• Use APA format for non-legal sources such as the textbook. Use Bluebook citation format for any legal citations.
• Submit a Word document using the template.
• Maximum two pages in length, excluding the Reference page.