LAW 531 (Business Law) Version 6Week 3LAW 531 Week 3 DQ 1Select a business contract transaction you are familiar with or can easily research. You may use a transaction occurring in your workplace or one where you have been a consumer (such as auto insurance rent or purchase of your residence or cell phone or computer purchases). What are the elements of the contract (for example the offer or acceptance)? How are the terms of the contract established? What can managers involved in the transaction do to minimize contract risk and maximize contract benefits? LAW 531 Week 3 DQ 2What special issues arise in international business transactions? Identify two such issues and discuss what managers can do to minimize exposure to legal risk and uncertainty associated with these issues.Week 3 Assignment:Individual Assignment; Recognizing Contract Risk and Opportunities 1000 Words