Answer the following questions.

1. 1.X points a gun at Y and orders Y to sign a written contract or be shot. X knows the gun is not loaded; Y does not. Later, Y repudiates the contract, and X claims the contract exists because the gun was empty. Does a contract exist? Explain.
2. 2.Abner, who is negotiating the sale of his business to Betty, informs Betty that his business made a $10,000 profit during the last year. Betty tells Abner she will let him know of her decision to buy in one week. During this week, but before Betty gives her decision, Abner finds a mistake in the books that shows that he made only a $5,000 profit last year. Betty accepts Abner's offer. Betty now wants to rescind for misrepresentation concerning last year's profit. Can Betty rescind? Explain.
3. 3.A, a carpenter, and B, a homeowner, make an oral contract whereby B is to give A a certain tract of land in return for A's building an addition to B's house. Is this contract enforceable by A upon completion of the construction? Explain.
4. 4.E agrees to construct a swimming pool for X. Ethen delegates the duties to Y Swimming Pool Company. X refuses to allow Y Company to do the work. Y and E bring suit against X. What result?

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