Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bob showed up to Ben's restaurant with a bottle of Jack Daniels in hand. They drank almost the whole bottle when they got to talking

image text in transcribed
image text in transcribed
image text in transcribed
Bob showed up to Ben's restaurant with a bottle of Jack Daniels in hand. They drank almost the whole bottle when they got to talking about selling the restaurant. Ben wrote out on a napkin, "I hereby agree to sell to Bob N. Weave the Capriccio Restaurant complete for $3,000,000.00, title satisfactory to buyer." A court could find Ben made a binding to sell the restaurant to Bob, even though they drank most of the whisky. c. offer b. consideration d. all of the above a. acceptance The objective theory of contracts states a judge must look to what the parties said, what they did, and the totality of the circumstances to determine whether the parties intended to make a contract. True False Caroline said to her neighbor, "When you finish painting the basement, I will pay you $3,000.00." The neighbor the paints the basement. The act of painting is the that creates Caroline's obligation to pay the neighbor. a. offer c. consideration d. none of the above b. promise

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions