For the following questions, a) identify the specific contract issue b) summarize what the law involved says, and c) explain what the result should be.

Employee Edgar received a verbal offer of employment from Competitive Co, for a year and a half. However, after a few months, Competitive laid Edgar off for economic reasons. Edgar sues Competitive for lost wages. Can Edgar enforce his oral contract with Competitive?

Barry, a 17-year-old, entered into a contract for sky diving lessons with Open Horizons Flight School. The contract Barry signed contained a clause that said Barry agreed not to sue Open Horizons for any injuries he might experience during his sky diving lessons. Barry continued to take lessons for 1 years. When Barry was 18 years old, he broke an ankle while sky diving with Open Horizons. Barry attempts to disaffirm his contract and sued Open Horizons for negligence. Will Barry be permitted to disaffirm his contract with Open Horizons?

Mary and Josh Johnson negotiate with Blue Sky Real Estate for the purchase of a tract of scenic mountain property. Blue Sky prepares a formal contract and mails it, unsigned to the Johnsons. Before the contract arrives in the mail, Blue Sky sells the property to another buyer. The Johnsons are upset and sue Blue Sky for breach of contract. Will the Johnson will their lawsuit against Blue Sky?

On Monday, Mick puts an offer in an email to Shawn to sell his guitar for $50. Monday night when jamming with his buddies, he decides he will really miss his old guitar and has second thoughts about selling it. Tuesday morning, he emails Shawn, telling him that he has changed his mind. Shawn had decided he wanted to buy the guitar and sues Mick.