10 Chuck posts a sign on every kiosk on the IUS campus stating, "$1000 Reward fo the Return of My Dog, Skip." Which of the following is a correct statement regarding the nature of the agreement in this scenario? Chuck in the Offeror seeking a return promise from anyone willing to do so in this Bilateral Contract. A. B. Chuck would be considered the Offeree while the first person who returns his dog, Skip c. Chuck's offer cannot be considered an attempt to enter into a contract since there was D. Chuck's offer is a gift since no Offeree promised a thing of value in exchange for the would be considered the Offeree in this Unilateral Contract. no definite offeree who can accept the exact terms of the offer in return $1000 John Doe goes to the hospital after breaking his wrist while attempting to dunk a basketball. John Doe expects the hospital to treat him with due care. In return, the hospital expects John Doe to pay for services rendered. The only words exchanged during the visit were in the treatment of John's injuries. He was coherent throughout. Which of the following is a correct statement of the law? A. An express contract exists because the contract terms were explicitly stated at the time of the hospital visit An implied contract exists because of the conduct of the parties at the time of the hospital visit. The contract is voidable because John was not competent to make any decisions The contract is void because there was no exchange of consideration. B. C. D. 12. Chuck attends an auction at Christie's Auction House. He places a successful bid for $250,000 for a first edition near-mint copy of Amazing Fantasy #15 (1962), the first appearance of Spider-Man in a comic book. The auction house placed no minimum reserve on this item; consequently, the highest bid is the binding regardless of the item's market value Five minutes after the gavel fell, Christie's Auction House was offered $1 million for the rare comic book. The auction house refuses to sell it to Chuck even though he placed the winning bid. Which of the following is a correct statement of the likely remedy for Christie's Auctio House's breach of contract. The court would rescind any contract formed between Chuck and Christie's Auction House because Christie's can sell Amazing Fantasy #15 (1962) at a higher price. The court would compel Christie's to sell the rare comic book to Chuck for the price he bid, since Amazing Fantasy #15 (1962) is a unique item and money would be an inadequate remedy The court would allow Christie's to provide a comic book of similar or greater mar value to that of Amazing Fantasy #15 (1962) to Chuck. B. C. D. The court would find the purchase of a comic book for this price unenforceable due to the difference in value between the $250,000 bid and the pulp, ink and time it took to publish this single comic book