Business law Discussion post
Discussion A: Contracts are the backbone of every business. Most are in writing but even those that are oral are just as important. Contracts are the tools that enforce promises between all parties included. However, there are formal requirements that must be fulfilled for a contract to be considered enforceable. Typically an offer, acceptance, consideration, legality and capacity are required. Do you believe contracts should require fewer formalities to be enforceable? Lastly, have you ever experienced a breach of a contract? How did you handle the consequences from the breach? Must be 100-150 words.

Discussion B: This week you have learned about how information has a strategic importance in creating a first-mover and competitive advantage. To demonstrate the strategic importance of information, this week’s discussion forum will involve researching an article using one of the following sources:

· USA Today (www.usatoday.com)

· Wall Street Journal (www.wsj.com)

· New Your Times (www.nytimes.com)

· Forbes (www.forbes.com)

· Bloomberg Business Week (www.bloomberg.com)

· Inc. Magazine (www.inc.com)

· Economist (www.economist.com)

· Entrepreneur (www.entrepreneur.com)

· Harvard Business Review- (www.hbr.org)

Your task is to choose a current article (published in last 60 days) from one of the above-listed sources that relate to how managers can utilize information technology as a strategic means to gain a competitive advantage.

· What role does Information Technology play to successfully compete in the marketplace?

· What key points in the article support your statements? Must be 100-150 Words.