Contracts: How They Effect Everyday Life Essay

Words: 2005
Pages: 9
Open Document
Contracts: How They Effect Everyday Life
BUS 311 – Business Law I
Prof. Katheryne Rogers
January 6, 2012

Most people in society think that contracts are pointless and unnecessary. Contractual law is not high on society’s list of things to study. What society does not realize is that contracts bind a majority of the decisions that they make on a systematic basis. In this paper I will make evident the effectiveness of contracts and how they are such an immense aspect in society’s everyday life.
This paper will demonstrate the practicality of contracts and how they influence and add to everyday life. I am also going to show what would happen if we did not have any contract regulatory resolutions made. Without contracts; the law would …show more content…
Now that Wal-Mart is able to conduct business electronically outside of their place of business; they must purchase equipment that will allow them to process MasterCard credit card transactions. MagTek is a company that would provide the equipment that Wal-Mart would need to run the credit card transaction and process it. According to MagTek’s Website, “MagTek is a manufacturer of electronic devices and systems for the reliable issuance, reading, transmission and security of cards, checks, PINs and other identification documents.” Among the electronic devices, is a magnetic strip reader consenting customers to use their MasterCard to purchase their items.
So you can now see how crucial contracts are and how they affect every consumer’s life on a typical day of just shopping. These are only a couple of examples on how contracts impact our lives on a day-to-day basis; there are so many more out there. Well now that I have shown you a sample of what life is like with contracts; try and imagine how life would be without them. Envision the same scenario in the last few pages, but deprived of contracts binding the many parties convoluted.
Let’s just say there is no contracts and a consumer went out to purchase a home; and they decided to use K.B Homes to build their dream home. K.B Homes agreed to build the consumers home. The agreement consists of a smile and a handshake. They work out all
Show More

Related Documents: Contracts: How They Effect Everyday Life Essay

Essay about cellphones w1

Could you imagine your life without the use of cell phones? Nowadays we are all accustomed to having cell phones. Today our ever-changing society keeps progressing in technologic advancements to offer consumers a large variety of services with. But are cell phones worthwhile? In my opinion, cell phones are worthwhile in many ways even if they have some disadvantages. Having a cell phone has a lot of advantages. To start, it’s the easiest way to communicate directly with other people no matter where…

Words 517 - Pages 3

Police Essay

sunny and it was the end of the month. The effect on the community in regards to school and neighbors leaves me to believe I am in a safe area with strong principles. I use to live in Bonita, California, near Chula Vista about 5years ago and the lifestyles between the two cities are incredibly different. I value the expectations and safety in Poway as much as parents do. My family has geared me in the right direction and has a major effect on my life. From all my stress and difficulties I have…

Words 707 - Pages 3

Navigating Through Ethics to Find My Morality Essay

Navigating through Ethics to Find my Morality Deron M. Medley Walden University Untitled As I reflect on what I’ve learned regarding moral theories of ethics, how do I apply it to my everyday life? What I’ve learned about the nature of morality, “as human beings living in the world we have basic duties and obligations” (Thiroux and Krasemann, 2009, p. 1). I come to realize that it is my responsibility to use the freedom I possess carefully and to understand…

Words 897 - Pages 4

School: Personal Life and Physical Education Essays

Assignment 3- Cutting Class Essay The video addressed the problem in America with our nation’s health and how obesity is becoming more common in the newer generations. One of the most vital courses important to our fitness and health which provided our younger generation with daily activity is being cut from our schools. Thus, the increase in the lack of education in health and fitness and the increase in health related problems such as obesity in our nation. I believe that cutting out physical…

Words 607 - Pages 3

Military Altercations

the different altercations that the United States has been involved in, there are many that people will point to as being significant in molding the country as a whole. One of the altercations that is hardily mentioned in discussions concerning the effects it had on the country, is that of the War of 1812, which pitted the infant nation of the united states against familiar foe and world super England. The war of 1812 in many respects the same war that was fought in the name of independence a mire 36…

Words 560 - Pages 3

Gang Violence In Gangs

difficult life and people portray a negative message making them feel worse. They have been through a lot of pain in their childhood, for example, they might’ve had money problems and needed a way to get their parents money or they have family issues and don’t feel loved. Gangs will always be in our world no matter where we live gang violence is everywhere and gang violence also effects the community. In some cases, bystanders get caught in the violence and pay the ultimate price. The gang life is broken…

Words 1411 - Pages 6

Why Is Personal Hygiene Important

1.1 Explain why personal hygiene is important. Maintaining personal hygiene is necessary for many reasons; these can be personal, social, for health reasons, psychological or simply as a way of life. Essentially keeping a good standard of hygiene helps to prevent the development and spread of infections, illnesses and bad odours. Personal Reasons Many people, women in particular, are very conscious of their hygiene needs and practices. This can be a result of being taught of the importance from…

Words 1049 - Pages 5

Ethical Theories Assignment Essay

Theories "Ethics" is the name of a branch of philosophy, which is the attempt to answer the most fundamental questions of human life by means of reason alone, rather than faith or tradition. Ethics is the continuing effort on the part of the human race to rationally analyze and evaluate the principles and ideals that might help us to understand which ways of life are most admirable and worth living, and which actions are right or wrong. At the beginning of medieval thought was a struggle to merge…

Words 1448 - Pages 6

Binge Drinking In College

The life of college student has it’s up and down, one day were stressing over midterms and papers and then the next day we relieve that stress with non-stop drinking from Thursday to Saturday. Students say they are “struggling” and have no money, even though this is true for some, but they do not look at the fact on how much money they spend on alcohol. According to an article “How Much Do College Students Drink?” by 12 Keys Rehab, out of the 17 million college students we have 8.5 million of them…

Words 1324 - Pages 6

Intimacy Vs Isolation

As a society, we see ourselves as individuals and we consider ourselves apart from others. We encounter people everyday from different cultures, races, ethnicities, genders and etc. In today’s society, everyone wants to experience love and relationships (and/or friendships) with other people. Growing up in the twenty first century, there are many people you will get along with and also dislike. Between the ages eighteen to forty, you may find yourself developing relationships and becoming independent…

Words 1580 - Pages 7