Post a 150- to 225-word (2- to 3-paragraph) description of the risks that are associated with a business contract that you either experienced or observed. In your explanation, address the following:
- Describe the business contract and the scenario that revolved around it.
- Explain the risks of the contract and how they resulted (or could have resulted) in a negative situation.
- Explain how you (or the person/interested party in the scenario) could have avoided (or did avoid) the negative situation by having a better understanding of contract law at the time.
- Include a reference(s) to a minimum of one scholarly source to support your response.