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I need help answering these correctly for my study guide. Thank you. 1. Annie says to Bob, I'll buy your car. Nothing else happens. Do
I need help answering these correctly for my study guide. Thank you. 1. Annie says to Bob, "I'll buy your car." Nothing else happens. Do they have a contract? Why or why not? 2. Annie says to Bob, "I'll buy your car for $500." Bob says, "Ok." Do they have a contract? Why or why not? 3. Annie says to Bob, "I'll buy your car for $500." Bob says, "550!." Annie replies "Ok, $550." Do they have a contract? Why or why not? 4. Bob says to Annie, "You want my car? You can have it." "Annie says "Sure!" Do they have a contract? Why or why not? If there is no contract, is there anything else this exchange can be considered? 5. In any of the above scenarios, is a writing required in order for the parties to be in contract? Why or why not? What are the instances in which a contract must be in writing in order to be enforceable? 6. Who might be unable to enter into a legally binding contract
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