In your discussion question you will discuss the
importance of a contract and how you are protected,
specifically as it relates to the scenario presented
above. Discuss what can go wrong if there is not a
contract and how the situation would be different if
there was a contract. Include in your discussion the
four parts of a contract and if you would still have a
contract if one of the parts was missing. Include the
answers to the following questions in your discussion
because it will help with a better understanding of
the concepts. Also, talk about what a counter-offer is
and how to deal with it.
Who are Parties?
What is an Offer?
What is Acceptance?
What is Consideration?