Analyze one of your contracts-it could be for your cell service, a loan agreement, a rental agreement or lease for your current residence, or a similar type of contract.

Analyze one of your contracts-it could be for your cell service, a loan agreement, a rental agreement or lease for your current residence, or a similar type of contract. 

Citations are mandatory in all of your written assignments. If you are citing a legal resource, such as a case, use the proper legal citations and if a non-legal source, then use 
APA citation format. See Blackboard resources listed for APA citation information.

Here are some of the questions you should answer after reviewing your contract.

1.Who are the parties, the date and times for performance?

2. How does each party satisfy each element of a contract?

3. Are there any issues about any of these contract elements?

4. Does this contract fall within the Statute of Frauds? If so why and if not, why not?

5. Are there any ambiguous provisions that would fall within the exception to the Parol Evidence Rule? What are they and how would you deal with these provisions?

6. Are there any conditions precedent, concurrent or subsequent? What are they and how would this work as to the parties performing this contract?

7. When must each party perform? Would a court interpret the performance dates strictly in this contract? Why or why not?

8. When and how does this contract terminate? Are there any liquidated damages provisions?

9. What happens if one party decides to unilaterally rescind the contract before they have fully performed their obligations under the contract?

10.Can the parties mutually agree to extend this contract? Is there a provision in the contract for automatic extension?

11. Do you see any other contract legal issues in this contract and if so, what are they?

12. How have the parties performed this contract to date? Have there been any legal contract issues between or among the parties to date? How were they resolved, if there have been any?