Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Who creates quasi contracts? Why are they created? 2. Charles owes Dan $100,000. Charles goes to Citi bank to take out a loan of

1. Who creates quasi contracts? Why are they created?

2. Charles owes Dan $100,000. Charles goes to Citi bank to take out a loan of $100,000 so he can pay off his debt to Dan. Citi agrees to make the loan but breaches its contract with Charles. Charles then defaults on his loan to Dan. Dan sues Citi bank because they breached their contract with Charles. What is the probable outcome of Dan's suit against Citi?

3. Mary goes shopping at Macy's on Wednesday and sees a very expensive piece of furniture costing $60,000. It is an antique, so there are no others like it for sale. Mary wants to get her spouse's approval before buying it. Mary gives Macy's $1,500 to give her the right to buy the antique until Saturday at noon. Mary took pictures of the piece, and she returns with her spouse on Friday to buy the furniture. Macy's apologizes and says they mistakenly sold the piece to another customer and gives the $1,500 back to Mary. Mary sues Macy's for additional damages. What is the probable outcome of Mary's lawsuit?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Criminal Law Text Cases And Materials

Authors: Jonathan Herring

9th Edition

0198848471, 978-0198848479

More Books

Students also viewed these Law questions