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Wrile, wire or phone for immediate service lrom ovt new los Angeles Worehouse covered. The various types of contracts, both written and verbal. and what the results might be. I was especially interested in the discussion about the written contract and what ii means if one does not read the contract before signing it. Also, it was valuable to learn what you run into when you do business with a minor and sell .him something on a contract. I was glad to learn the -eaning of the terms, Valid contract, Void contractl a voidable contract. and ,express and implied contracts."
"Business Law is something everyone should know, for your every- day dealings are based upon it, whether through writte; contriiis or oral agreements. A legal transaction must iivolve two or morc competent parties, there must be mutual agreement by all concerned, the subject matter must be legitimate and in certain transactions such as real estate deals, the proper forms must be used. Once you have entered into a legal contract in which all these points are met, any court in the land would have to uphold the transaction."
"I was interested in learning about validity. The effect of mutual mistakes on a contract, also f mistake in caiculation.,'
''The point of business law I thought best was the one about minors and the legal entanglem.ents onl can get into while deiling with them."
"Most important. idea-in a verbal order or verbal contract, to make sure that all the terms are understood clearly by both parties.', -."8y far the most important on this subject was learning the different types of contra-cts and/or agreemeits. Knowing ;f,.i i; required to make them legal and-binding. Also learning to read contract and know what it contains before you sign saire."
"The most important fact concerning business administration is that almost all business deals can be ilassified as legal contracti of one form or another. A point worth remembering ii that a conl tract does not have to be in writing to be binding.,'-
"Business law was the most interesting subject to me. I learned ma-ny things that I never dreamed would be- true. I also made a different business decision for my future on account of the business law gubjecl that we have had. The part that most interested me was the different legal clauses that are connected to leeal con_ tracts and loans. I hope we will cover more business liw next semester."
"Without the technical points of business, all businesses would. most likely, collapse. Good business administration is o"e oi itrl main assets to a business. From-hiring and firing, to making out loan papers, the administering_-of -business mustTe "..o-ptl.fr"d with knowhow and understanding."