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Risk management for contracts
Massey, Ian
Civil Engineering : Magazine of the South African Institution of Civil Engineering; Jan 2008; 16, 1;
ProQuest One Academic
pg. 34

Case PT1

Contract Law

Assignment Overview

Writing a Contract: Use

APA 7th Assignment Template

If A says to B, “I will repair your house,” and B makes no promise in return, there is no agreement. If B says, “I will pay you $1,000,” there is still no agreement. Why? Because it takes two parties to make an agreement. An agreement involves an exchange of promises or goods. A has not yet agreed to accept $1,000 for doing the work. If A says, “I will accept $1,000,” there is an agreement on the price, but is there a contract?

Unless there is agreement on all the essential terms, the law does not recognize the existence of a contract. Is there an agreement on the actual work to be done to repair the house? It may be that A and B know exactly what work is necessary—for example, repairing a leak in the roof. In that event, the actual work to be performed is agreed upon, and there may be a contract.

Case Assignment

In a well-written 3-page paper (excluding title and references pages), provide the following:

Suppose you work for Capital Home Improvement, LLC, and a client is interested in having the roof repaired for their house. 

·  Discuss the elements of a contract (Consideration, Capacity, Offer, and Acceptance).

· Develop an original contract for Capital Roofing. Include the itemized work required for the job and signatures by both parties.

· Include details down to the company name, logo, address, and homeowner’s address.

· Make the contract as complete as possible to address all the essential terms of a legal contract.

Case Assignment Expectations