ASHFORD BUS 670 Week 3 Elements of a Contract
ASHFORD BUS 670 Week 3 Elements of a Contract
Elements of a Contract. The paper must be four to five pages, excluding the title page and references page(s), and formatted according to APA style as outlined in the Ashford Writing Center.
Address all of the following parts of this assignment:
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Suppose that the Fabulous Hotel hires you as head chef under a two-year employment contract. After two years, another hotel wants to hire you. However, in the original employment contract you signed with the Fabulous Hotel, the following paragraph appears: “The below-signed agrees not to work as a chef for another hotel in the same metropolitan area for a period of two years after leaving our employ.”
Identify which elements of contract must exist for this agreement to be enforceable. At a minimum, your paper must include a detailed description of the concepts of offer, acceptance, legal consideration, capacity, and legality of purpose. Is this contract governed by common law or the UCC? Why? Discuss under which circumstances this non-compete agreement would be unenforceable.
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The economy is structured on the freedom to draw up a contract with a system of laws that can be enforced. Contracts that are freely entered into are not always read carefully by the signer. The signer may not be aware of the elements required to make the contract enforceable. For example if the Fabulous Hotel hires you as head chef under a two year employment contract. If you don’t read the contract carefully then you will not know that in the small print it says “The below signed agrees not to work as a chef for another hotel in the same metropolitan area for a period of two years after leaving our employ”. Therefore, you can’t work for another hotel in the same metropolitan area for two years there are several items that makes this contract enforceable (Seaquist, G. and Coulter, K.)