This work of LAW 531 Week 3 Discussion Questions shows the solutions to the following problems:

DQ 1: Select a business contract transaction you are familiar with or can easily research. You may use a transaction occurring in your workplace, or one where you have been a consumer (such as auto insurance, rent or purchase of your residence, or cell phone or computer purchases). What are the elements of the contract (for example the offer or acceptance)? How are the terms of the contract established? What can managers involved in the transaction do to minimize contract risk and maximize contract benefits? Do not discuss a transaction type already mentioned by other students.

DQ 2: What are some special issues that arise in Internet transactions? What should business managers do to protect their organizations in Internet transactions? Avoid discussing an issue already mentioned by other students.

DQ 3: What special issues arise in international business transactions? Identify two such issues and discuss what managers can do to minimize exposure to legal risk and uncertainty associated with these issues. Do not discuss an international transaction already addressed by other students.