BUS 311 Business Law week 3 assignment Final Paper Proposal

Final Paper Proposal BUS 311 Business Law I Develop an introduction with a thesis statement for the Final Paper. Acme Fireworks needs to determine the best direction they need going forward, and to do that the first thing that needs to happen is we need to read over the contracts to choose the path they need to take. Next we need to check that the contract agreements are law binding and if not we need to get them established as law binding. Next the contracts need to be revised and after that Acme needs to figure out what their new staffing needs are to make sure they can meet their end of the contract to make sure there is not a breach of contract. Finally, Acme will need to analyze their current sole proprietor business model to see what they nee d to do to make sure their company will continue to grow. Determine if the contracts with the businesses will be governed by common law or the Uniform Commercial Code (UCC), and explain why. Upcounsel. Common Law Contracts vs. UCC: Everything You Need To Know. Retrieved from: https://www.upcounsel.com/common -law-contracts -vs-ucc Common law contracts include employment, insurance, real estate, and intangible assets. Uniform Commercial Code (UCC) covers the tangible objects and purchased goods. However, they both have the same requirements including the offer has to be accepted by another person or entity for something of value. The UCC the buyer has the ability to inspect the goods and accept or reject the offer. Analyze whether the owner formed a contract with the businesses, and apply the five essential elements of an enforceable contract. Rogers, S. (2012). Essentials of business law . Retrieved from https://content.ashford.edu/ Explain the five essential elements of an enforceable contract. Compare the elements of a contract to the owner formed contract with the businesses. Discuss if the contracts with the