1. One afternoon you find a notebook filled with incomprehensible mathematical notations outside the Faculty of Business building and, realizing that it belongs to a professor in the Philosophy Department whose name is on the cover, you put it under the door of her office with a note telling him that you found it. That night, on the eleven o'clock news, you see an interview with the professor who is telling the reporter that she has lost the notebook in which she had worked out the meaning of life, and you hear her offer $10,000 for its safe return. Can you successfully claim the reward? In the context of Contract Law, which of the following is true?

A. The $10,000 was valid consideration that you could successfully claim.

B. The TV interview was an invitation to Treat The TV interview was a valid offer and by returning the book you have accepted it.

C. As there was no valid signatures on a contract. There is no binding agreement

D. The return of the notebook was a gratuitous gesture. There was no consideration. There is no valid agreement

2. 

 

3. Peter Parker is food delivery driver. He and Mary Jane Watson enter into a contract for him to deliver shoes for her company. This agreement is set to commence on September 1st and last until November 15th. Mary Jane was to pay Peter $200 per day while he was delivering her goods. At first, Peter was really happy to have entered into the agreement. However, when he calculated the profits he soon realized that $200 was too little and that he would lose money if he fulfilled his side of the agreement. On August 30th, he informed Mary Jane that he would not be making deliveries for her. Mary Jane was desperate and begged him to reconsider. She said, “Think about it until tomorrow. Don’t make any decisions until we meet again tomorrow.” He agreed. That night, Peter parked his delivery truck in his company’s garage. At 2am, a major fire broke out and his truck was destroyed. He learned of the fire at 9am on August 31st. As he is no longer capable of making the delivery, he immediately contacted Mary Jane and notified her that he would not be making any deliveries on September 1st. She is outraged and sues him for breach of contract. Which of the following is true?

A. Mary Jane can sue him immediately when he tells her that he will not be completing the agreement

B. As this was something that occurred that was beyond their control, unpredictable at the time of the agreement, and renders the contract impossible to fulfill Peter can claim that the contract is frustrated

C. Mary Jane must wait until September 1st. She can sue him for Breach of Contract after that day.

D. The fire is not Mary Jane’s problem. Peter should have an extra vehicle in case of problems like this

Andrea operates a toy store next to a residential area. Young neighbouring children liked to use the parking lot as a playground. Andrea regularly ordered them off of the property as she was afraid that they would be hit by a car. Several times, a six year old boy climbed over the fence to Andrea's property and climbed to the top of the toy store's roof. Andrea regularly told him to leave and stop climbing to the roof, but he kept coming back. One day, while Andrea was away, the boy climbed to the roof and fell becoming badly injured. Is Andrea liable? As the boy is a Licensee of the store, Andrea is responsible for his well being O The boy is a Trespasser. Andrea can never be responsible for the injury. Andrea was required to construct gates that the child could not climb O The boy is a Trespasser. Andrea can only be held liable or injured the child. she deliberately trapped