Regardless of whether you own a business or are a stakeholder in a business, understanding basic contract
Question:
Regardless of whether you own a business or are a stakeholder in a business, understanding basic contract terms is important. Businesses enter into contracts with many areas, from shipping to suppliers to customers. As a business owner or manager knowledge of these basic terms will assist you in the day-to-day operations of the business, regardless of the field.
• Fill in the attached template.
• For each term, define the term with citation to authority, define the term in your own words and provide an example of each term.
Quoted Definition with Citation | Definition (in your own words) | Example | |
Offer | |||
Acceptance | |||
Bilateral Contract | |||
Unilateral Contract | |||
Promissory Estoppel |
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates