{"id":313,"date":"2015-04-21T18:29:41","date_gmt":"2015-04-21T18:29:41","guid":{"rendered":"https:\/\/courses.candelalearning.com\/masterybusiness1xngcxmaster\/?post_type=chapter&#038;p=313"},"modified":"2017-03-31T16:29:34","modified_gmt":"2017-03-31T16:29:34","slug":"contracts","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/suny-hccc-introbusiness\/chapter\/contracts\/","title":{"raw":"Outcome: Contracts","rendered":"Outcome: Contracts"},"content":{"raw":"<h2>What you\u2019ll learn to do: list and\u00a0describe\u00a0the elements\u00a0of a legally enforceable contract, and explain the consequences of breach of contract<\/h2>\r\nThe contract is probably the most familiar legal concept in American\u00a0society because it's so central to deeply held convictions about the nature\u00a0of our political, economic, and social life. In this section you'll learn what contracts are and why they're so central to business.\r\n\r\nThe specific things you'll learn to do include the following:\r\n<ul>\r\n \t<li style=\"font-weight: 400;\">Define \u201ccontract\u201d<\/li>\r\n \t<li style=\"font-weight: 400;\">Identify the four elements of a legally enforceable contract<\/li>\r\n \t<li style=\"font-weight: 400;\">Define \u201cbreach of contract\u201d<\/li>\r\n \t<li style=\"font-weight: 400;\">Explain the legal remedies for breach of contract<\/li>\r\n<\/ul>","rendered":"<h2>What you\u2019ll learn to do: list and\u00a0describe\u00a0the elements\u00a0of a legally enforceable contract, and explain the consequences of breach of contract<\/h2>\n<p>The contract is probably the most familiar legal concept in American\u00a0society because it&#8217;s so central to deeply held convictions about the nature\u00a0of our political, economic, and social life. In this section you&#8217;ll learn what contracts are and why they&#8217;re so central to business.<\/p>\n<p>The specific things you&#8217;ll learn to do include the following:<\/p>\n<ul>\n<li style=\"font-weight: 400;\">Define \u201ccontract\u201d<\/li>\n<li style=\"font-weight: 400;\">Identify the four elements of a legally enforceable contract<\/li>\n<li style=\"font-weight: 400;\">Define \u201cbreach of contract\u201d<\/li>\n<li style=\"font-weight: 400;\">Explain the legal remedies for breach of contract<\/li>\n<\/ul>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-313\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li>Outcome: Contracts. <strong>Authored by<\/strong>: Linda Williams and Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":78,"menu_order":12,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"Outcome: Contracts\",\"author\":\"Linda Williams and Lumen Learning\",\"organization\":\"\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"}]","CANDELA_OUTCOMES_GUID":"1ead3e74-3f87-4990-adf5-29d31a051943","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-313","chapter","type-chapter","status-publish","hentry"],"part":84,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-introbusiness\/wp-json\/pressbooks\/v2\/chapters\/313","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-introbusiness\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-introbusiness\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-introbusiness\/wp-json\/wp\/v2\/users\/78"}],"version-history":[{"count":25,"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-introbusiness\/wp-json\/pressbooks\/v2\/chapters\/313\/revisions"}],"predecessor-version":[{"id":10587,"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-introbusiness\/wp-json\/pressbooks\/v2\/chapters\/313\/revisions\/10587"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-introbusiness\/wp-json\/pressbooks\/v2\/parts\/84"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-introbusiness\/wp-json\/pressbooks\/v2\/chapters\/313\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-introbusiness\/wp-json\/wp\/v2\/media?parent=313"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-introbusiness\/wp-json\/pressbooks\/v2\/chapter-type?post=313"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-introbusiness\/wp-json\/wp\/v2\/contributor?post=313"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-introbusiness\/wp-json\/wp\/v2\/license?post=313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}