Sophia Business Law Touchstone 2 Analyzing Contract
Formation In Jim And Laura's Car Latest Updates
,
, Business Law
Touchstone 2: Did Jim and Laura Buy a Car?
Directions: Follow the directions for each part of the touchstone template. Include your
response and all relevant elements under the Requirement section. Prompts in the Inspiration
section are not required; however, they may help you to fully think through your response.
Remember to review the Touchstone page for response requirements, rubric components, and
grading specifics.
Name: Alicia Howard
Date: 5/13/2025
PART 1: Contract Definition
Task:
Identify the elements that must be present for a legal contract to exist. Define each element using
examples.
Requirements:
● Identify the elements of a legal contract.
● Define each element.
● Provide an example for each element.
● Include reference citations as appropriate.
Inspiration:
When writing your response, think about the understanding of contract law
● Have you defined the elements of a legal contract?
● Have you used examples from the scenario to illustrate these elements?
Identify and define elements of a legal contract below:
In order for a contract to be legally binding, certain elements must be present. These elements ensure
that both parties have agreed to terms that are clear, fair, and enforceable under the law. The essential
elements of a contract are:
1. Offer
An offer is a clear and unequivocal proposal made by one party to another, signaling the
willingness to enter into a contract.
Example: In the scenario, Stan Salesman showed Jim and Laura several cars, including the
blue 4-door sedan. By offering the car and discussing the terms, Stan is effectively making an
offer to sell the car.
2. Acceptance
Business Law Template
1
Formation In Jim And Laura's Car Latest Updates
,
, Business Law
Touchstone 2: Did Jim and Laura Buy a Car?
Directions: Follow the directions for each part of the touchstone template. Include your
response and all relevant elements under the Requirement section. Prompts in the Inspiration
section are not required; however, they may help you to fully think through your response.
Remember to review the Touchstone page for response requirements, rubric components, and
grading specifics.
Name: Alicia Howard
Date: 5/13/2025
PART 1: Contract Definition
Task:
Identify the elements that must be present for a legal contract to exist. Define each element using
examples.
Requirements:
● Identify the elements of a legal contract.
● Define each element.
● Provide an example for each element.
● Include reference citations as appropriate.
Inspiration:
When writing your response, think about the understanding of contract law
● Have you defined the elements of a legal contract?
● Have you used examples from the scenario to illustrate these elements?
Identify and define elements of a legal contract below:
In order for a contract to be legally binding, certain elements must be present. These elements ensure
that both parties have agreed to terms that are clear, fair, and enforceable under the law. The essential
elements of a contract are:
1. Offer
An offer is a clear and unequivocal proposal made by one party to another, signaling the
willingness to enter into a contract.
Example: In the scenario, Stan Salesman showed Jim and Laura several cars, including the
blue 4-door sedan. By offering the car and discussing the terms, Stan is effectively making an
offer to sell the car.
2. Acceptance
Business Law Template
1
