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3 questions: Elias agreed to build a wooden barn for his neighbour, Peter, for the price of $60,000. Midway through the project, Elias discovered that

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3 questions:

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Elias agreed to build a wooden barn for his neighbour, Peter, for the price of $60,000. Midway through the project, Elias discovered that the cost of the beams had increased by $7000. He asking if Peter would pay this additional fee. Peter replied that he would split the difference and pay only an additional $3500. Elias finished the project and Peter paid him only $60,000. V following statements correctly describes Elias's current legal position? Select one: a. Elias cannot successfully sue for the outstanding $3500 because the promise to pay more was not put in writing. b. Elias can successfully sue for the outstanding $3500 since Peter verbally agreed to pay that sum. O c. Elias can successfully sue for the outstanding $3500 because he completed his end of the bargain. d. Elias cannot successfully sue for the outstanding $3500 since no new consideration was offered in exchange for the promise of additional cash.Which of the following agreements would NOT be a binding contract because of a problem with consideration? Select one: a. Gord promises to give $500 to a local charity in exchange for public acknowlegment of his donation. b. Lorraine hired a carpenter to build her a cedar table. She now promises to pay her carpenter $400 if he will build her matching bench. c. Jonah agrees to accept $1200 as full payment of a $1600 debt if Karl, the debtor, pays him the sum today, two weeks in advance of the original due date. d. Mary returned from her winter vacation and was thrilled that her neighbour had shovelled the snow from her driveway. She called her neighbour and promised himWhen is it possible to effectively revoke an offer without consequences? Select one: a. If the offeree has not yet accepted the offer. b. If the offer has already been accepted. c. If a deposit is in place and it has not expired. d. If the offer was accepted verbally but a letter revoking the offer was sent later that same day

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