In this assignment, you will
evaluate the requirements for a valid contract and contract clause
considerations.
Your Role/Assignment
You are a business planner and
accountant. Part of your expertise is in helping prospective business owners
evaluate the various manufacturing and supplier options available based on the
product they manufacture. You have a long history of working with widget
manufacturers, which is why Gloria is meeting with you. Additionally, you are
an expert in global business issues and can help Gloria review foreign supply
options, including the applicable laws, customs regulations, and tax
implications of using a foreign supplier versus a domestic supplier. Gloria has
come to you to get some advice on which supplier will best meet her needs and
objectives.
Assignment
You are a business planner and
accountant. Gloria has come to you to get some advice on which supplier will
best meet her needs and objectives. Prepare a paper that addresses the
following.
1.
What elements are necessary
for a valid contract to exist? Define what constitutes a “valid
offer.” Evaluate each proposal and discuss whether each of the
offers constitutes a valid offer. Why or why not?
2.
Each proposal involves a
different country. What are the particular concerns for Gloria in doing
business in other countries? What contract provisions does she need to include
in any business contract in order to protect her business?
3.
How can Gloria continue to
protect herself and her family from personal liability if she obtains her widgets
from a foreign manufacturer? Use your textbook and library references to
answer these questions. Evaluate each proposal. Does it constitute an offer?
Assignment
Requirements
1.
When preparing your responses,
please use the facts provided in the You Decide and the following resources:
(1) the assigned reading .
2.
Your paper should be four to
five pages long, exclusive of the cover page and references page, and it should
be double-spaced. It should comply with APA 6th edition formatting.
1.
Cover page
2.
References page
3.
12 point, Times New Roman font
4.
No website references
5.
Include at least three
scholarly references in addition to your textbook
6.
Include in-text references to
sources
