Read Chapter Six of The Legal and Ethical Environment of Business (textbook: Lau and Johnson)Part 1Review the material in Chapter 6 of the textbook. Then, go to the discussion forum for Unit 4 and eng
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Read Chapter Six of The Legal and Ethical Environment of Business (textbook: Lau and Johnson)
Review the material in Chapter 6 of the textbook. Then, go to the discussion forum for Unit 4 and engage in a dialogue with your classmates by answering the following questions:
- Has anyone ever broken a promise to you? Were those promises legally enforceable promises? Why or why not?
- If someone sought to enter into a contract with you, but that party could not read the language in which your contract was written, should you enter into that contract with that person? How can this problem be overcome so that both parties can form a legally binding contract with each other?
- Should there be more government regulation and standardization of contract terms be-tween private parties? Why or why not?
Part 2Research the American case of Sherwood v. Walker. This 19th century case involving the sale of a cow is one of the most famous contracts cases in American law. Give an outline of the facts in the case. What were the main legal issues involved? What approach did the court take in ad-dressing the legal issue? How did the court apply its approach to the facts of the case? Provide a detailed example of how the court’s conclusion might be applied in a modern business setting. Prepare an essay of at least 1,500 words citing information from the case as support for your positions. The paper should be 12-point font, Times New Roman, and include a list of any out-side sources used. Part 3
In addition, the student should consider the following question for reflection: Governments enforce some promises but do not enforce most promises made between people. Do you think it is important for governments to enforce certain promises? What kinds of promises should be enforced?
Minimum of 250 words. Cite any reference used in apa format.