Contract [Name of the Writer] [Name of the Institution] Contracts

Introduction
A contract is a legal agreement between two parties. For a contract to be valid, it must meet all prerequisites of the law, should bind the involved parties, and should be implementable in a legal court. Legal Competency: This means that the contract must be legally recognizable, i.e. both the parties entering into the agreement must have reached legal age (Miller, 2010). 1. Mutual Agreement: Also known as mutual consent, this means that both the parties entering the contract must be willing (and able). 2. Consideration: This refers to the payoff of the contract for both the parties involved. It can be monetary (valuable consideration) or in the form of physical items (goods consideration). 3. Stated Contract: The contract should be written in clear terms, in order to be clearly understood by both the parties (Beale et al 2010).
Therefore, in light of the above framed notions, the case of Don Willetts will be deciphered. Moreover, this paper will address 2 questions in order to meet the pretext of the paper.

Q1: What should you do about continuing to do business with Don?
Answer: In the context of this case, the business with the Don should be stopped right away. As he took advantage of the 17 year old boy and made him sign the contract. Although the 17 year old should have told about the contract. The business with the Don should be stopped on the basis of ill intention. Don in the context of this case violated the notion of good faith in business. Furthermore, the company can stop working at any given time with Don. There was no agreement between Don and the company to keep working with each other. Don ordered as it was his requirement and the company sold at the value and terms it picked in the event that it decided to offer to Don whatsoever. Since