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APA
Subject:
Business & Marketing
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Coursework
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English (U.S.)
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Topic:

Contract Formation. Business & Marketing Coursework

Coursework Instructions:

The purpose of this assignment is to examine key principles of contract formation.
For this assignment, assume you are planning a birthday party. You will need to create a story line that provides background information relevant to the event, such as who the party is for, the number of people attending, and your overall vision for the party in terms of the venue, food and beverages, and entertainment. For the event, you should assume that you would be required to contract with a minimum of three vendors to include a party venue, catering, and entertainment. You may choose to add other elements to the party, such as transportation, photography, party memorabilia, etc.
Complete the "Contract Formation Chart," located in the topic materials. For each vendor, you must provide the following information.
Identify the name of the vendor.
Identify and clearly state the offer for the contract.
Explain the method of acceptance for the contract.
Explain the elements of consideration for the contract.
Identify the factors that affect the formation of the contract.

Coursework Sample Content Preview:
Contract Formation Chart
Directions: Complete the chart below as directed in the assignment.
Contracted Service

Name of Vendor

Offer

Method of Acceptance

Elements of Consideration

Factors That Affect Contract Formation

Venue

John Smith

A Banquet Hall with all the facilities available

The acceptance should be made by acknowledging the email and paying some amount in advance.

The capacity of the hall, seating arrangement, stage, presence of sound system and presence of quality accessories.

The low quality of materials and failing to meet the specific requirements can result in termination of the contract (Clarke, 2007).

Catering

Alex Hales

Food catering services, beverage services, cutlery and linens, and event planning services will be provided.

A mutual consensus should be developed about the services and written acceptance should be developed.

The quality of all the services should be double checked before finalizing the offer.

The contracted service provider failing to provide the required quantity and unable to maintain high quality can affect the legality of the contract.

Entertainment

Mark Boucher

Magician services, clowns, characters and photo booth services

The acceptance needs to be provided by filling the online form.

All the services sh...
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