In this project, you are presented with a list of facts that youwill use to draft a contract. In doing so, ensure that all elementsof a contract have been met, and that you have drafted a validcontract. You should use the information you have learned inModules 5, 6, and 7.
Listed below are facts you will use to draft a validcontract.
List of Facts
Your daughter, Susan, would like to take guitar lessons. Gary'sGuitars at 486 Music Lane, in Rockville, MI 79236, is having anintroductory special on lessons. Since you live near Rockville (336Manderly Rd., Bluestown, MI 58369), you think this is a greatopportunity for your daughter. Gary offers multiple options forlessons which are listed below.
Gary provides the guitar for a term of 6 months for a rental feeof $180. If you choose to buy a guitar at a later date from Gary,you may deduct the rental fees you have paid from the price of thenew guitar.
You may provide your own guitar, in which case you do not needto rent one.
Weekly private lessons at 1/2 an hour a lesson are $35 a week,or for a 6 month commitment you can buy a package for$672.
Weekly private lessons for 1 hour are $60 a week, or for a 6month commitment you can buy a package for $1152.
Group lessons are available for 45 minutes a week, at $25 alesson.
If additional family members take lessons from Gary's Guitars,you receive a 10% discount for the second family member'slesson.
Assignment Instructions
You must draft a valid contract by choosing the terms that makesense for your contract from the list above. You may add additionalterms as necessary to ensure that it you have a valid contract thatboth parties feel comfortable signing. Your contract needs to beorganized in a meaningful manner allowing any reader to quicklylocate key provisions of the contract. Be sure to includecancellation terms, dates of beginning and end, and signaturelines. Like all business documents, ensure your document is freefrom spelling or grammar errors.
Refer to the section on Drafting a Contract in LearningActivities for a variety of contract examples.
After completing your contract, please include a short paragraphexplaining how your contract meets the requirements to ensure itsvalidity, (i.e., address how you have ensured that there is anoffer, acceptance, consideration, and capacity).
