​Utilizing the concepts from Chapters 7 through 11, analyze the following scenario:

/in /by

Utilizing the concepts from Chapters 7 through 11, post a message that identifies and explains the elements necessary to form a legally enforceable contract. What is the responsibility of each party in determining these elements and when would governmental intervention become necessary when balancing the interests of the parties?

Cite a minimum of two (2) scholarly peer reviewed sources (beyond your textbook or the Bible) applying APA guidelines (250-450 word count range).

  1. Liuzzo, A. L., & Hughes, R. C. (2019). Essentials of Business Law (10th ed.). New York, NY: McGraw Hill Education:
    1. Chapters 7, Introduction to Contracts;
    2. Chapters 8, Offer and Acceptance;
    3. Chapters 9, Mutual Agreement;
    4. Chapters 10, Consideration;
    5. Chapters 11, Competent Parties;
    6. Chapters 12, Legal Purpose of Contracts;
    7. Chapters 13, Form of Contracts;
    8. Chapters 14, Operation of Contracts;
    9. Chapters 15, Discharge of Contracts; and
  2. Matthew 25:14-29 (Stewardship).