1) As a new sales representative for Misco Equipment Corporation, you take a customer out to dinner. Before dinner is over, you have shaken hands on a deal to sell the customer nearly a half-million dollars worth of industrial equipment. In writing up the formal contract the next morning, you discover that you miss-figured the equipment's price. Your error could cost Misco $60,000. You telephone your customer and explain the situation. (1) Is the "deal" you made an enforceable contract? (2) Does the mistake you made permit you to get out of an enforceable contract? (3) What do you think will happen in this situation?

2) You own University Heights Apartments, a business that rents primarily to students. One evening, your tenant Sharon is attacked by an intruder who forces the lock on the sliding glass door of her ground-floor apartment. Sharon's screams attract the attention of Darryl, your resident manager, who comes to Sharon's aid. Together, he and Sharon drive the intruder off, but not before they both are badly cut by the intruder. (1) Is the intruder liable for what he has done? (2) Do you have a legal responsibility to Sharon and Darryl? (3) What should you consider doing at your apartments?