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Week 2 Assignment: Critical Analysis Paper

Week 2 Assignment: Critical Analysis Paper

Q Describe an example of a contract that you or someone you know entered into (e.g., rental agreement, cell phone agreement, property purchase or lease [e.g., car, home, furniture, etc.], home or car repair, or student loan agreement). In your description, be sure to provide specific contractual details including parties and subject matter involved. You must also address the following: • Define the five essential elements of an enforceable contract, and demonstrate how each element relates to your example. • Explain the circumstances of a breach of contract in your example, and discuss possible remedies. The paper must be three to four pages in length (excluding title and reference pages) and formatted according to APA style as outlined in the Ashford Writing Center. You must use at least two scholarly sources other than the textbook to support your claims. Cite your sources in-text and on the reference page.

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Example of a contract considered herein is the rental agreement applicable for the residential property. A rental agreement is a form of legal contract that is usually in writing amid the owner of the property and the renter who needs to have a temporary possession of the property as differentiated from the lease and is typically available for a fixed time period. The details of the rental agreement have been discussed herein (Clocksin, 1974).