Question
Joe offered to give his son Bob his restaurant business at the end of the year. Bob responded by stating, Thanks Dad. I accept your
Joe offered to give his son Bob his restaurant business at the end of the year. Bob responded by stating, Thanks Dad. I accept your offer and will agree to take ownership of the business next year. A few days later, Joe changed his mind and informed his son that he would not be giving him the restaurant. If Bob sued Joe for breach of contract, what would be the likely result:
a. Bob would win as a contract was formed.
b. Bob would lose, as most courts would hold no contract was formed due to a lack of consideration.
c. Bob would lose because the contract wasnt in writing.
d. Bob would lose as Joe lacked capacity.
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