Betty is a 12 year old girl. Betty has a doll collection worth about $100. One problem:
Question:
Betty is a 12 year old girl. Betty has a doll collection worth about $100. One problem: Betty hates dolls, but she loves baseball. Betty visited the local sporting goods store nearly every week. She had been eying this new bat, and glove. But she didn’t have any money. Betty offered the owner her doll collection. The deal was struck: The next day Betty loaded up her wagon with the dolls, hitched it to the back of her bike and brought the dolls to the sporting goods store. The owner gave her the bat, ball and glove, which, in all, were worth about $100. When Betty’ father found out about the transaction, he was furious.
a. Discuss and explain whether Betty get out of this contract? You must analyze each element of a valid contract in your discussion along with any exceptions.
b. Assume that Betty traded the dolls for shoes and clothes, because hers were worn out and her father lost her job and couldn’t afford to buy them for her. Discuss and explain whether Betty can get out of the contract in these circumstances. You must analyze each element of a valid contract in your discussion along with any exceptions.
2. Must be typewritten in Times New Roman or Arial 12-point font, double spaced, and with 1-inch margins;
3. Each question must be answered in a minimum of 300 words;
4. Each question must include at least three scholarly sources;
5. Must cite sources according to proper APA formatting guidelines;
Step by Step Answer:
Managerial Economics and Business Strategy
ISBN: 978-0071267441
7th Edition
Authors: Michael R. baye