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For each scenario, answer the questions in detail. Support each answer with at least one reference to the required background materials. (Avoid Plagiarism) You enjoy
For each scenario, answer the questions in detail. Support each answer with at least one reference to the required background materials. (Avoid Plagiarism)
- You enjoy going to the horse-racing track on Sundays and have been doing so for the past 10 years. You've gotten to know some of the other regulars there. One Sunday you are complaining to a friend there that you'd like to place a bet on a specific horse to win, but the track is offering such low odds. Your friend laughs at your choice and offers to take a $100 bet himself and give you much better odds. You ask him to repeat his offer and you record a video on your cell phone of him making the offer. You also record your acceptance. Your horse wins. You think your friend owes you $500, but he doesn't pay you the following Sunday or even mention the bet or race. If you file a lawsuit, will you be able to get the court to enforce your wager and make your friend pay you?
- You own a plant nursery and landscaping business. You have always hated business paperwork and do not like written contracts, so you usually use oral agreements. One agreement you have is to sell someone a large palm tree for $850. Another agreement is to provide two years' worth of monthly lawn mowing at a customer's home in exchange for immediate payment of $1,800. Finally, you have an oral agreement to sell an exotic houseplant to one of your customers for $400 to be delivered by the end of this month, delivery included. Which of these oral contracts (if any) will be enforceable in court, and which ones (if any) will not be enforceable? Explain your reasoning.
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