Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

For each situation (a) - (f) , State and fully explain whether each contract can best be classified as one of the following:unilateral, bilateral, express,

For each situation (a) - (f), State and fully explain whether each contract can best be classified as one of the following:unilateral, bilateral, express, implied, executed, executory, void, voidable, or unenforceable. EACH ANSWER SHOULD BE DIFFERENT. CHOOSE ONLY ONE classification for each situation).

(a)Evan posts on Craigslist a $1000 reward for the return of his violin last seen in a restaurant on 72nd Street. John sees the post and goes out to see if he could find the violin for the reward.

(b)Jalissa walks into the local hair salon and sits down in one of the empty chairs. Katrina cuts her hair in accordance with a magazine picture that Jalissa points at. Neither party says a word to each other.

(c)Kendra has a contract to purchase Lyle's car for $5,000. Lyle delivers the car to Kendra's house and Kendra gives Lyle $5000.

(d)Freddie agrees to smuggle guns from Virginia to New York for $10,000.

(e)Monica tells Kiki that the jewelry pieces that she is selling her are valuable antiques worth several thousand dollars each. She knows that the jewelry is nothing but cheap costume jewelry. Kiki buys the jewelry and shortly thereafter discovers Monica intentionally lied to her and committed fraud.

(f)Elsa enters an oral real estate contract over the phone with Dimitri to buy his house for $450,000. The law requires that this type of contract be in writing.

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

Company Law

Authors: Brenda Hannigan

6th Edition

0198848498, 978-0198848493

More Books

Students also viewed these Law questions

Question

Do not get married, wait until I come, etc.

Answered: 1 week ago

Question

Do not come to the conclusion too quickly

Answered: 1 week ago

Question

Engage everyone in the dialogue

Answered: 1 week ago