BUS311 Week 5 Final Paper

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Running head: CONTRACTS

Contracts, What Are They? How Do They Work?

Naomi L Johnson

BUS311 Business Law I

Instructor Marla Muse

12/17/2012

Abstract

   In this paper, I will reflect on the operation of contracts.  Business law shows how contracts may be classified in several ways depending on the manner in which they are created, expressed, or performed.  I have learned a lot from this course and I will use that to help write this paper.  In the following paper I will discuss the oral or written contracts; I will discuss express or implied contracts, and will discuss formal or simple contracts.  I will also discuss the impact of the contracts in a business and show the true propose of contracts.  I will show what is needed in a contract to be legally enforceable.  I will...

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