Contract (50 points)Each student is to produce a 4 paragraph paperanalyzinga contract. In advance of the paper send, for review by the instructor, a copy of a contract used in everyday life, e.g., insurance, credit card, rental agreement, gym membership, etc. Send this by email. Be creative. It can be a blank contract. Several websites offer free form contracts. There are contracts in Blackboard under Contract Examples link. The copy of the contractmustbe turned in with the paper unless you are using one that is in Blackboard. In that case, merely reference the title of the contract in your report. A URL is not a substitute. Please make sure any confidential data has been deleted or blacked out. A four paragraph typed summary of the contract must be attached which discusses any features of the contract that were covered in the text.The first paragraph is to be a summary of the entire contract. Please note that I said asummary– which means an overview of the contract and not a detailed description. Your summary paragraph should not be much longer than the 3 other paragraphs. I’m looking for an overview of the contract and not what each section is about.The other three paragraphs are to be used to discuss andanalyzethree different clauses in the contract (one per paragraph) and how they relate to the textbook and lecture. Be sure and indicate which paragraph in the contract you are discussing, e.g., #1 of the contract talks about x, y, and z.I am looking for ananalysisof how each clause relates to the class material. Little or no analysis will result in point deductions. Summarizing the clause is not an analysis. Show me that you understand how this clause functions in the “real world”. I want to see that you understand the legal consequences of each clause you are discussing and not just paraphrasing the contract wording. Hypothetical examples are an easy way of showing this. You must also refer by page or chapter to the part(s) of the text you are using.What Not To Put in Your Contract Report Discussingthe formation of a contract is not acceptableunless it is a clause in the contract. In other words, Express/Implied Contracts, Offer; Acceptance; Consideration; Bilateral; etc., are not clauses in most contracts. Only discuss these if the contract includes language such as: “The parties acknowledge that there is a valid offer and acceptance……” Most contracts do not have wording to this effect so don’t talk about offer, acceptance and consideration, etc. If you are unsure, then ask me via email. Most contracts don’t say, “This is an express contract”. If your contract is in writing IT’S AN EXPRESS CONTRACT!If you are using a rental or lease agreement for real property, at least one clause must be from outside of chapter 38. If all three of your clauses rely on Chapter 38, there will be an automatic 11 point deduction. Please email me if you are unsure of your clauses. Please remember, agreements for real property do not follow the UCC. So, if using an agreement for real property, do not discuss any of those UCC chapters .Students in online classes often miss the easiest clause to talk about – ADR or Arbitration as it doesn’t have extensive coverage in the text. However, it is critical in the business world. Most contracts have “boiler plate” clauses towards their end. These clauses are the easiest to use as the text generally has good information on them as well as examples. If you are using an example from the text, be sure to reference that. It is strongly advised to have your contract chosen before mid-term and reviewed by me, the instructor, shortly after that. I will also be happy to review and make any comments on your rough draft if submitted to me a minimum of 48 hours before the due date. If I review your rough draft and suggest changes, subsequent requests for review are welcomed but must include the previously suggested changes.Spelling and grammar are part of the grading and deductions will be taken if there are errors in these areas. The Writing Center on campus is free to all Cuyamaca students. I also take into account the difficulty of the subject matter you have attempted. It is easy to talk about “termination” of a contract. It is more complex to talk about “subrogation” or “risk of loss”. Be sure that you are not talking about the UCC when dealing with a contract for real property, services, e-contracts, etc.Here is how the grading rubric breaks down: Summary paragraph , 5 points;Clause 1, 2 and 3, 11 points each with a further breakdown for each clause of 2 points for correctly identifying a concept, 2 points for defining it, 2 points for referencing it to the text, and 5 points for the analysis;Contract attached , 4 points; and,8 points for spelling and grammar.You can see that a long summary paragraphwill notmake up for an inadequate analysis.This assignment may not be turned in after its due date. You have most of the class to work on this assignment.The final contract paper must be submitted under the Assignments link in Blackboard. Preview copies should also be submitted there. There are excellent student examples of the assignment on Blackboard.

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