Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2.5 pts Mary's house has been robbed. She calls the police, and a detective comes to her house. One of the things that was stolen

image text in transcribed
2.5 pts Mary's house has been robbed. She calls the police, and a detective comes to her house. One of the things that was stolen was her pearl necklace. She is devastated and tells the detective she will pay him $200 if he can solve the case and return her necklace. Within a couple of weeks, the detective finds the culprit and is able to return the pearl necklace to Mary. Mary declines to pay him the $200, and the detective sues her. What is the likely outcome of the case? The detective will win: Mary is in breach of contract Mary will win the detective failed to provide adequate consideration, and thus no valid contract was formed. The detective will win, but only if he was solely responsible for finding the necklace, The detective will win, but only if the necklace was worth more than $200. Mary will win; she offered no consideration and thus no valid contract was formed

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

Money, Banking, Financial Markets & Institutions

Authors: Michael Brandl

2nd Edition

1337904821, 9781337904827

More Books

Students also viewed these Finance questions

Question

14.5 Describe how accidents at work can be prevented.

Answered: 1 week ago