Recent Articles

Performance

One of the four required elements of a contract. Once one side of the contract peforms, then consideration is demandable from the performing party. Use the Uniform Commercial Code as the guide to understanding contract law.

Advertising – Monitor Performance

04/25/2015

In small business it is difficult to know if your advertising is effective.  Often the methods or campaigns you use to get customers to your store or to purchase your product appear to be effective but in reality are nothing more than usual volume [...]

Contract

06/22/2014

A contract is defined as any oral or written agreement between two or more parties that exchange rights and/or duties between the parties.  Every contract has four essential elements.  The first two create ‘mutual assent’ or what is commonly [...]

Business and Industry Growth

01/25/2013

The second most weighted factor in the risk multiplier series for the Discretionary Income Multiplier Formula is business and industry growth.  This factor evaluates the overall change in an industry and in particular the business under review over [...]

What is a Contract?

12/24/2012

Article 1 of the Uniform Commercial Code copyrighted by the American Law Institute is considered the primary source for the definition of a contract.  All of the 50 states have incorporated all or most of the definition of this code as statue.  A [...]