Question
Jackson has a rare coin that he believes to be worth $50. wanting to sell it quickly he orally offers to sell the coin to
Jackson has a rare coin that he believes to be worth $50. wanting to sell it quickly he orally offers to sell the coin to Clark for $40 . Clark agrees. Before Jackson gives the coin to clark, he finds out that the coin is actually work $150. Does Jackson have a contract with Clark?
a. No because they did not get anything in writing.
b. No because there is no valid consideration.
c. Yes but under these circumstances, jackson can cancel the contract.
d. Yes because there is valid agreement and consideration
Step by Step Solution
3.40 Rating (159 Votes )
There are 3 Steps involved in it
Step: 1
Yes because there is Valid agreement and consideration Consi...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Document Format ( 2 attachments)
60955ca14a0fc_25799.pdf
180 KBs PDF File
60955ca14a0fc_25799.docx
120 KBs Word File
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started