APPLIED BUSINESS LAW
|Instructional Objectives for this activity:
Identify components of a typical contract.
The following scenario addresses potential contractual disputes involving a contract for a nonprofit organization. Please read carefully and complete a written assignment as directed below:
Gerard, an events promoter and coordinator, promises to stage a concert for the benefit of Kids Care, a charitable organization dedicated to helping disadvantaged youth. In reliance on the anticipated receipts, Kids Care contracts for the construction of a residence for homeless teens. After the concert, Gerard tells Kids Care that he has decided not to donate the receipts to the organization.
Is Gerard’s promise enforceable despite the lack of consideration? Explain.
This individual work should include the following:
You may use your text or the internet as a reference, but remember to cite your sources according to APA guidelines. For citation guidelines, please refer to the table in the APA Style section of the syllabus.
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