Elements of a Contract

Elements of a ContractSuppose that the Fabulous Hotel hires you as head chef under a two-year employment contract. After two years, another hotel wants to hire you. However, in the original employment contract you signed with the Fabulous Hotel, the following paragraph appears:“The below-signed agrees not to work as a chef for another hotel in the same metropolitan area for a period of two years after leaving our employ.”Describe and analyze the five elements of a contract that must exist for this agreement to be enforceable.Explain why this contract is governed by common law or the Uniform Commercial Code (UCC).Examine at least two circumstances in which this non-compete agreement would be unenforceable.Submit a four- to five-page paper (not including title and reference pages). Your paper must be formatted according to APA style as outlined in the approved APA style guide and must cite three scholarly sources in addition to the textbook.Carefully review the Grading Rubric for the criteria that will be used to evaluate your assignment.

Domestic and global scale

How do government policies and/or regulations factor into changes in economic activity on both a domestic and global scale? Give a specific example of a policy or regulation that has helped economic activity.Give a specific example of a policy or regulation that has hindered economic activity.If you were an economist who was tasked with evaluating […]

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Australian Mining Boom

In the 21st century, Australia witnessed an extraordinary mining boom. Explain the impact of the mining boom on the Australian economy. Here are some things you may consider in your essay: What effect did this have on the economy? Explain how it affected the components of GDP and why. What happened to other macroeconomic variables? […]

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Increasing the minimum wage

Under what elasticity conditions would the following be true? “Increasing the minimum wage will result in a decrease in employment for workers who now earn less than the new minimum wage.” Sample Solution

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