Ajax Contractors begins construction on a seven-story office building and after three months demands an extra $75,000 on its contract or Ajax will just stop working.The owner cannot find another contractor willing to help and is forced to pay the additional $75,000.The owner files suit.Who will win and what legal concept will it be based upon?

Neither will win.

??The owner will win. There was a pre-existing duty and the additional $75,000 is an unenforceable contract

Ajax will win the case because the extra $75,000 is an enforceable contract

Ajax will win based upon promissory estoppel.

Uncle Willie tells his nephew William that he will give him $5,000 if he refrains from drinking alcohol, smoking anything and gambling anywhere for the next five years.William is 21 years old.Five years later, William asks for his money.Which of the following is correct?

??Based upon forbearance, Uncle Willie has to pay William

Based upon the Mail Box rule, Uncle Willie has to pay William

Based upon forbearance, Uncle Willie does not have to pay William

Based upon the Mail Box rule, Uncle Willie does not have to pay William

John has a house in Pasadena that he wants to sell.He talks to Bill and they make a deal.They agree that Bill gives $10,000 to John today and John will sell his house to Bill if Bill wants to buy it within the next two years for $1,000,000.A year goes by and property value skyrocket and the property is worth $2,000,000.John calls Bill and says "I want to buy that property we talked about for the $1,000,000."Does Bill have to sell and why?

??Yes, because the offer was not terminated by destruction of the subject matter.

No, because an offer is revocable at any time

No, because the property is worth more now than a year ago.

Yes, because it was a binding option contract