Select a contract that you are currently engaged in (Cell Phone, Electrical, Power, Car, Insurance, etc.).

Write a review of the contract in a minimum of 1,050 words in which you include the following:

• Consider the elements that were necessary to form the contract.
• Explain how your selected contract (or selected portions within the contract) can be applied within a business managerial setting.
• Summarize the potential legal defenses available to contract formation.
• Evaluate the potential remedies for breach of contract that might be available to someone who breached the contract you have selected.
• Examine how the contract deals with intellectual property issues.

Cite a minimum of 3 scholarly references.

Format your paper consistent with APA guidelines