Module 1 - Case INTRODUCTION TO MANAGERIAL ACCOUNTING Assignment Overview Review the three components in the background material to answer the questions about managerial accounting and its purpose. Ca

Module 1 - SLP

CONTRACT LAW

Module 1 - Case INTRODUCTION TO MANAGERIAL ACCOUNTING Assignment Overview Review the three components in the background material to answer the questions about managerial accounting and its purpose. Ca 1

Your friend, Stacy T., a mother of two grade schoolers, has decided to take the next step and open a bakery business. People have been praising her gluten-free organic blueberry muffins for years, and Stacy has been researching how to set up a mail order muffin business on the internet. In a nearby industrial park, Stacy has rented a small commercial kitchen that was set up from scratch by another aspiring baker/entrepreneur who decided to call it quits.

Stacy lives in a region known for the special taste and quality of locally grown blueberries, which is one of the reasons her blueberry muffins are so renowned among friends and acquaintances. Stacy buys her organic blueberries by the quart from a local grower, Woody M., who inherited his blueberry producing acreage from an uncle.

Now that Stacy has decided to pursue her mail-order gluten-free organic blueberry muffin business for real, she appreciates that she needs to secure her supply of the organic blueberries that make her product so special.

For this module 1 SLP assignment, carefully review the background readings that cover the main elements of a contract. Then, write a short 1- to 2-page contract, specifying an agreement between Stacy and Woody regarding the purchase of blueberries. Include the main elements of a simple contract specified in the background readings. Do not copy a template contract from the internet or elsewhere. Simple and in your own words is better for purposes of this assignment.

In addition to the short contract, include a few paragraphs at the end, explaining which background readings you consulted for your contract and how you used these readings to decide on what to include in your contract.

SLP Assignment Expectations

Answer the assignment questions directly.
Stay focused on the precise assignment questions. Do not go off on tangents or devote a lot of space to summarizing general background materials.
Use reliable and credible sources as your references. Articles published in established newspapers or business journals/magazines are preferred. If you find articles on the Internet, make sure they are from a credible source.
Reference your sources of information with both a bibliography and in-text citations. See the Student Guide to Writing a High-Quality Academic Paper, including pages 13 and 14 on in-text citations. Another resource is the “Writing Style Guide,” which is found under “My Resources” in the TLC Portal.