ADMS 2610 Chapter Notes -Trade Union, Judgment Debtor, A Natural Disaster

Minors must pay the reasonable value of contracted goods deemed necessaries. For whose benefit is this exception to the law which says minors can’t enter into contracts? Why?

Complete the following questions about future and option contracts.

a. Give an example of a future contract. Make sure you include all necessary terms of a future contract in your example.

b. Give an example of an option contract. Make sure you include all necessary terms of an option contract in your example. Is your example a put option or a call option?

c.Compare the rights and obligations of buyers and sellers of futures contracts with the rights of buyers and sellers of options contracts.

Mike sells his used 2008 Camaro to Jim,

How do I write a contract that shows offer and acceptance, consideration, capacity and legality?