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Jerome has a ticket to see the Blue Jays in the World Series. On his way to the big game, Jerome drops by a pub
Jerome has a ticket to see the Blue Jays in the World Series. On his way to the big game, Jerome drops by a pub for a drink. He meets Brendan who is a huge Jays fan. Brendan says, "Hey dude, will you give me your ticket if I drink this whole jug of beer in one gulp?" Jerome replied, "Yeah, of course. You're on Brendan proceeds to chug a jug in one gulp and says, "Ahhhh. Ok Pay up Jerome says, "What?? I was just joking with you!" Which of the following statements is TRUE?
No intent to form a legally binding contract is presumed since the agreement between Brendan and Jerome was formed in a social situation.
Brendan provided consideration by suffering the detriment of drinking a jug of beer in one gulp.
Brendan made an offer which was accepted by Jerome.
All of the above.
None of the above.
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