1. Armond and his girlfriend went to the movies. Without saying anything, Armond handed the ticket seller $15. The ticket seller, also without speaking, handed Armond two tickets. Was any type of contract formed? Discuss why / why not.
2. Mason, who has a degree in business administration, interviewed for two positions, one as a credit manager for a large bank and the other as a financial planner. He received a phone call offering him the credit manager's position, which he accepted. Two days later he was offered the financial planner's job, his first choice. He also accepted this position and then called the bank to say he had changed his mind about taking the credit manager's position. Has Mason breached a contract with the bank? Discuss.
3. The Isaac Heating Company randomly sent out a letter to residents of the town where it did business. The letter read: "SpecialWe offer to clean your furnace for 50% off our regular price." Martell received the letter. Did a contract result between Isaac Heating Company and Martell when Martell received the letter? Discuss.
4. Jordan said to Beacher, "I'll sell you my telescope for $150." Beacher replied, "I won't give you $150, but I will give you $75." Jordan said no. Beacher then changed his mind and said, "Okay, I'll give you $150." Jordan refused to sell the telescope to Beacher, saying it was too late and he had decided to keep it. Beacher now is claiming breach of contract. Did a contract arise between Jordan and Beacher? Explain
5. On January 7, Harry Owens, owner of Custom Cleaners, offered to clean the carpets in Jane Harrington's law office for $500. Harrington agreed to this offer on January 9. On January 20, Owens cleaned the carpets and was paid $500.

a. Who is the offeror?

b. Who is the Offeree

c. When was the offer accepted?

What did each party give as consideration to bind the agreement?:

d. Harry Owens: ______

e. Jane Harrington: ____________

6.List five instances when contracts must be in writing