Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

help to solve this and get positive feedback for sure Comment on any four of the five scenarios described below. By 'comment', I mean tell

image text in transcribed

help to solve this and get positive feedback for sure

image text in transcribed
Comment on any four of the five scenarios described below. By 'comment', I mean tell me if we have a contract and why. Assume the facts as stated can be proved.... 1."I promise to give you my bicycle for $1 at 4pm today", Assume you accept. 2. "I promise to give my bicycle at 4pm today", Assume you 'accept', 3. "I promise to sell you the machine gun that my grandfather left me when he died for $60,000 cash, payable at 4pm today".. The machine gun is now on the banned weapons list established by the government, 4: You were shopping at Leon's for a new couch and the clerk, after 15 minutes of back and forth, said to you "Ok, we'll sell you the couch for 5600." You said you'd think about, left the store and returned 15 minutes later and said to the clerk "ok, I'll buy it for 5600". He replied, I just sold it." 5. You offer to sell me your car for $12,500. I think that's a pretty good price but it's more than I want to pay. "I'll give you $11,000 cash" I tell you, You respond with an abrupt "no" I then offer the full asking price of $12.500, Do we have a valid contract

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

Legal Environment Of Business Online Commerce Ethics And Global Issues

Authors: Henry R. Cheeseman

8th Edition

013397331X, 978-0133973310

More Books

Students also viewed these Law questions