Business contract relations

1. What are the elements of a contract?

2. Explain the mirror image rule when forming a contract. Explain the difference on the mirror image rule between a common law contract and a UCC contract.

3. What is a breach of contract. Give examples.

4. What type of damages are available in a breach of contract? What type are not?

Thread Two:

There is a specific requirement that web page merchants (Amazon, Barnes and Noble, Apple Store) must follow in order to incorporate the terms of their contract in order to have those terms enforceable (part of the contract).

What does the web page seller have to do in order to incorporate the terms of the agreement?
Give an example with a link to a web page that follows this procedure.
What do you think would happen if the merchant did not follow the procedure?
Why?

Explain how ethics are important in business contract relations.