1. At age 16. Smith was a promising young hockey player. He was drafted by the Fredericton Firebirds to play for their club, a junior team one step below the professional league. One year into the contract, the Firebirds terminated the contract and required all of their players to sign new four-year contracts. Smith was to receive $250 weekly, along with room and board and the flexibility to complete his high school studies. In return, Smith agreed to play only for Fredericton and gave them the right to trade him to any other team or terminate the contract at any time. On his 18th birthday. Smith visited the general manager of the Firebirds, and repudiated his contract. Smith had received offers from the professional league, which promised him far greater instruction with superior coaching, as well as $200.000 per season. Smith felt that an early jump on a professional career was vital to him, considering the early retirement age of most hockey players. The general manager was upset with Smith, and vowed to bring a suit against him if he signed with the professional league to set an example for the other players. Smith signed the contract with the professional team, and the general manager brought suit against him. Which of the following is correct? The contract with Fredericton is binding because all elements of contract law were present The contract with Fredericton is not binding because there was no intention A deal is a deal and he cannot ignore his contract with Fredericton He is a minor and can repudiate either contract The contract with Fredericton is binding because it is a Beneficial Employment Contract 1. Wilson, who lives in Brampton, decides to retire and close his advertising business. As a result, Wilson has a large amount of office computer equipment and furniture that he wants to sell. In order to reach the Toronto market, he advertises the equipment and furniture in the Toronto Globe and Mail newspaper and requests the best offer. On September 10th, Jones, who is looking to start an advertising business and needs office equipment and furniture, sees the advertisement. Jones sends Wilson an e-mail stating that he will buy the equipment for $50,000 cash. On September 11th, Wilson responds to Jones' e-mail and says he will only sell for $70,000 cash payable upon delivery of the equipment and furniture to the buyer. On September 12th, Jones sends an e-mail to Wilson saying he will pay $70,000, but only $50,000 in cash on delivery with the balance payable in six (6) months. On September 14th, Wilson sends an e-mail asking if he could pay more of the purchase price in cash on delivery. The next day Wilson faxes Jones and says that he will take the $50,000 cash and the 20,000 payable over six (6) months. An essential requirement for a valid contract is a valid offer and a valid acceptance in response to that offer. Under the legal rules related to offer and acceptance, identify w is the advertisement in the Globe and Mail placed by Wilson? Offer Acceptance Inquiry Invitation to treat Counter-offer rejection Wilson, who lives in Brampton, decides to retire and close his advertising business. As a result, Wilson has a large amount of office computer equipment and furniture that he wants to sell. In order to reach the Toronto market, he advertises the equipment and furniture in the Toronto Globe and Mail newspaper and requests the best offer. On September 10th, Jones, who is looking to start an advertising business and needs office equipment and furniture, sees the advertisement. Jones sends Wilson an e-mail stating that he will buy the equipment for $50,000 cash. On September 11th, Wilson responds to Jones' e-mail and says he will only sell for $70,000 cash payable upon delivery of the equipment and furniture to the buyer. On September 12th, Jones sends an e-mail to Wilson saying he will pay $70,000, but only $50,000 in cash on delivery with the balance payable in six (6) months. On September 14th, Wilson sends an e-mail asking if he could pay more of the purchase price in cash on delivery. The next day Wilson faxes Jones and says that he will take the $50,000 cash and the 20,000 payable over six (6) months. An essential requirement for a valid contract is a valid offer and a valid acceptance in response to that offer. Under the legal rules related to offer and acceptance, identify what is Jones' e-mail of September 10th? Offer Acceptance Inquiry Invitation to treat Counter-offer rejection EL prime Wilson, who lives in Brampton, decides to retire and close his advertising business. As a result, Wilson has a large amount of office computer equipment and furniture that he wants to sell. In order to reach the Toronto market, he advertises the equipment and furniture in the Toronto Globe and Mail newspaper and requests the best offer. On September 10th, Jones, who is looking to start an advertising business and needs office equipment and furniture, sees the advertisement. Jones sends Wilson an e-mail stating that he will buy the equipment for $50,000 cash. On September 11th, Wilson responds to Jones' e-mail and says he will only sell for $70,000 cash payable upon delivery of the equipment and furniture to the buyer. On September 12th Jones sends an e-mail to Wilson saying he will pay $70,000, but only $50,000 in cash on delivery with the balance payable in six (6) months. On September 14th, Wilson sends an e-mail asking if he could pay more of the purchase price in cash on delivery. The next day Wilson faxes Jones and says that he will take the $50,000 cash and the 20,000 payable over six (6) months. An essential requirement for a valid contract is a valid offer and a valid acceptance in response to that offer. Under the legal rules related to offer and acceptance, identify what is Wilson's e- mail of September 11th, Offer Acceptance Inquiry O O Invitation to treat Counter-offer rejection Listen 1. Wilson, who lives in Brampton, decides to retire and close his advertising business. As a result, Wilson has a large amount of office computer equipment and furniture that he wants to sell. In order to reach the Toronto market, he advertises the equipment and furniture in the Toronto Globe and Mail newspaper and requests the best offer. On September 10th, Jones, who is looking to start an advertising business and needs office equipment and furniture, sees the advertisement. Jones sends Wilson an e-mail stating that he will buy the equipment for $50,000 cash. On September 11th, Wilson responds to Jones e-mail and says he will only sell for $70,000 cash payable upon delivery of the equipment and furniture to the buyer. On September 12th, Jones sends an e-mail to Wilson saying he will pay S70,000, but only $50,000 in cash on delive'sy with the balance payable in six (6 months. On September 14th, Wilson sends an e-mail asking if he could pay more of the purchase price in cash on delivery. The next day Wilson faxes Jones and says that he will take the $50,000 cash and the 20,000 payable over six (6) months. An essential requirement for a valid contract is a valid offer and a valid acceptance in response to that offer. Under the legal rules related to offer and acceptance, identify what is Jones'e- mail of September 12th? Offer Acceptance Inquiry Invitation to treat Counter-offer rejection prime video