Discuss the elements of a contract and its consequences.

 BUS 206A DF:

After reading thematerials for Week 5, you will learn about contracts. Listed below are severaltopics I would like for each of you to discuss.  Refer to researching the topicsfor this Discussion Forum.  Put your writing into your own words; do not copy directly from thesource.  Be sure to incorporate  and  them properly in your posts.

• Discuss the elements of a contract and its consequences.
• Discuss the discharge of a contract and its effects on the parties.
• Discuss the types of contract remedies. Give these two examples a try:

1. John walks into a gas station, puts one dollar down on the counter, and says, a coke please. Under contract law, what has just occurred?
2. John walks into a gas station, puts one dollar down on the counter, and says, “a coke please.” The owner takes the dollar. What type of contract has just been agreed upon?

Task 1: Create a new discussion topic on orbefore the due date in the Course Syllabus -> Course Schedule byclicking the ‘**REPLY HERE**’ post below. In your reply, you will post yourresponse to the main topic. Your response should be a minimum of 150words. Going over the minimum word length requirement isacceptable; however, I am not looking for 500+ words!

(THIS TASK WOULD BE COMPLETED LASTER DURING THE WEEK) Task 2: After you have created your newdiscussion topic and replied to the main topic, you will read andrespond to at least 2 participant responses (includes both learners andinstructor). Your main topic response and your participant responses needto be over two or more days. Remember to engage with participants throughmeaningful and relevant dialogue, which furthers the discussion. Incorporatewhat you have learned from the weekly reading material and from your ownreal-world experiences into your participant responses. Dont forget touse proper APA citations and references whenever necessary.