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Contracts/Formation . Don offers to sell his Cadillac to Harry for $20,000. Harry promptly replies, I'll buy it, but the price is outrageous and you
Contracts/Formation. Don offers to sell his Cadillac to Harry for $20,000. Harry promptly replies, "I'll buy it, but the price is outrageous and you are an evil tool." Have Don and Harry made an agreement, sufficient to support the formation of a contract?
Select one:
a.No: no acceptance (not unequivocal)
b.No: no acceptance (not a mirror image)
c.No: no acceptance (ineffective dispatch)
d.Yes
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Contracts/Formation. Bert hires Pete to drive him to the Nixon Presidential Library in Southern California. While they are on the road, Bert tells Pete that he is extremely impressed with "the cut of his jib" (his general look and attitude) and that he will double Pete's pay. Later, however, he refuses to pay more than the originally-agreed amount. Does Pete have an action for breach of contract to recover the additional amount promised?
Select one:
a.No, the promise was a gift promise
b.No, there was a preexisting duty
c.No, there was past consideration only
d.Yes
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Contracts/Formation. Bert has suffered a complete mental breakdown after reading too much Ayn Rand. Bert's family brings a proceeding in family court which results in the court issuing a judgment that Bert is permanently insane and appointing a guardian. Later, however, Bert contracts with Betty for the purchase of a marble bust of Mao. Is there an enforceable contract?
Select one:
a.Yes, if Betty did not know of the adjudication
b.No, the contract is void
c.No, the contract is voidable by Bert
d.No, the contract is voidable by either Bert or Betty
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