Business Law, Chapter 6: Offer and Acceptance
News Story about a Contract Dispute
1. Find and Print a news article about a contract dispute – staple to this form: 5 pts
2. Complete this form below: 10 pts
a. Title of Article:________________________________________________________________
b. Source: www.___________________________________________________
c. Date published:____________________________
d. Industry:_______________________________
e. Location where dispute was filed:________________________________
f.
Courts/Mediator/Arbitrator involved:____________________________________________
g. Parties involved:
i. Offerer:___________________________________________________
ii. Offeree:___________________________________________________
h. Party who is claiming a dispute:______________________________________
i.
Details of dispute:
j.
Resolution (or what you think will happen if the dispute is not yet settled:
Perform the “Contract Test”
 The 6 Major Requirements that must be satisfied before courts will treat a transaction as a legally
enforcement contract. Page 107 of text
1. Offer and Acceptance:
o Define:
2. Genuine Assent:
o Define:
3. Legality:
o Define:
4. Consideration:
o Define:
5. Capacity:
o Define:
6. Writing:
o Define:
Do you think your article’s contract dispute meets all of the requirements of the “Contract Test”? Why or
why not?