Civil Engineering Question

Description

For Chapter 3: After reading the chapter, watch Professor Geis’Links to an external site. lecture on contract formation. Next, watch this video on contract interpretationLinks to an external site.. These videos on the parole evidence ruleLinks to an external site., and anticipatory repudiationLinks to an external site. are also helpful. Finally, please watch this video on contract breach.Links to an external site.

Please submit a glossary of legal terms related business associations and contracts. This glossary with serve as a tool to help you understand the key legal concepts discussed in these chapters. Please write definitions, in your own words, for the following terms:

Sole proprietorship

Partnership

Joint venture

Unincorporated association

Loose association

Fiduciary duty

Actual authority (might be easiest to write a quick example)

Implied authority (might be easiest to write a quick example)

Apparent authority (might be easiest to write a quick example)

LLC

LLP

Agent

Principal

Independent contractor

Consideration

Promisor

Offeror

Offer

Acceptance

Promissory estoppel

Unconscionability

Parole evidence rule

Exculpatory clause

Anticipatory repudiation

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