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1 Joe to Mary: I will give you a ride to school every Monday and Tuesday if you pay me $5.00 per week. Mary to
1 Joe to Mary: I will give you a ride to school every Monday and Tuesday if you pay me $5.00 per week. Mary to Joe: I accept and will pay you $5.00 per week to drive me to school on Mondays and Tuesdays. This is a contract because it is a promise for a promise QUESTION 2 Joe to Linda: I will pay you $20.00 upon deliver of this box to my neighbor Joey's house. Linda delivers the box and then goes to Joe to collect the money. They have formed a it was a promise for an act. In this example, Joe is the and Linda is the contract because QUESTION 2 6 Joe to Linda: I will pay you $20.00 upon deliver of this box to my neighbor Joey's house.Linda delivers the box and then goes to Joe to collect the money. They have formed a contract because it was a promise for an act. In this example, Joe is the and Linda is the QUESTION The four elements of a contract are: QUESTION 4 In contracts the courts will look at how the contract would be interpreted by a reasonable person as opposed to the person's subjective intent. This theory is referred to as the theory of contracts. 8 QUESTION 15 Under the does not apply to anything but the acceptance. 2 po as soon as the acceptance hits the mail box it is effective. This QUESTION 16 In order for there to be a contract, the parties must have a meeting of the minds, which is referred to as an and includes an offer and acceptance. QUESTION 17 The value given in exchange for a promise is referred to as about as "the stuff" in the contract. 2 pc 2 p what we talked
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