Morty responded to an advertisement placed by Rick in a local newspaper, Rick was looking for business investments, and Morty sent him a letter on October Ist which said that he was willing to make Rick a partner in his space exploration business if Rick was willing to put up $5,000. Rick received that letter on October 6th and wrote back the same day saying he would love to get involved in the business and would send Morty a certified cheque for $5,000 as soon as the bank had transferred the money from his savings account and certified the cheque. This letter was received by Morty on October 9th, and the certified cheque was sent on October 8th and received on October 12th. Meanwhile, Morty mentioned the advertisement to Summer, and she said she would like to get into the business and would be willing to put up $8,000. Morty sent another letter to Serge, on October 4th which Rick received on October 7th, saying Morty nal changed his mind and would not be willing to have Rick as a partner. Rick believes he has a contract with Morty, and intends to enforce it at court. As it turns out, however, Morty is a 14-year old. Applying what you know about Ontario contract law, what are the implications for the enforceability of this alleged contract. O a Most 14 year-olds know they should keep their promises, so Morty has to honor the contract. Ob Rick did not know Morty was a minor at the time the contract was made. Therefore, the contract is voidable at Rick's option, but if Rick wants to enforce it, Morty has to perform the contract, OC. As a minor, Morty is considered fully incapable to enter into binding contracts. The alleged contract is therefore void at the outset, and unenforceable by either party. od Morty is a minor - this means the contract is voidable at his option. Morty can choose to perform the contract and enforce its terms against Rick, but Rick cannot enforce it against Morty it Morty chooses to void it. Morty responded to an advertisement placed by Rick in a local newspaper, Rick was looking for business investments, and Morty sent him a letter on October Ist which said that he was willing to make Rick a partner in his space exploration business if Rick was willing to put up $5,000. Rick received that letter on October 6th and wrote back the same day saying he would love to get involved in the business and would send Morty a certified cheque for $5,000 as soon as the bank had transferred the money from his savings account and certified the cheque. This letter was received by Morty on October 9th, and the certified cheque was sent on October 8th and received on October 12th. Meanwhile, Morty mentioned the advertisement to Summer, and she said she would like to get into the business and would be willing to put up $8,000. Morty sent another letter to Serge, on October 4th, which Rick received on October 7th, saying Morty had changed his mind and would not be willing to have Rick as a partner. Rick believes he has a contract with Morty, and intends to enforce it at court. As it turns out however, Rick is Morty's grandfather, and as close family members, they live together in a multi-generational household. Applying what you know about Ontario contract law, what are the implications for the enforceability of this alleged contract The law of Ontario makes no absolutely no distinction between contracts entered into by strangers at arms-length, and contracts between family members. Therefore, this fact is completely irrelevant. Ob The low of Ontario presumes that family members always intend to make binding promises to each other. Therefore, this fact helps Rick enforce the contract by dispensing of the need to demonstrate that an intention to create an enforceable contract existed. O c The law of Ontario is that grandchildren owe extra moral respect to their elders- therefore, Morty cannot avoid the contract Morty's grandfather, and as close family members, they live together in a multi-generational household. Applying what you know about Ontario contract law, what are the implications for the enforceability of this alleged contract O a. The law of Ontario makes no absolutely no distinction between contracts entered into by strangers at arms-length and contracts between family members. Therefore, this fact is completely irrelevant. ob The law of Ontario presumes that family members always intend to make binding promises to each other. Therefore, this fact helps Rick enforce the contract by dispensing of the need to demonstrate that an intention to create an enforceable contract existed. Oc. The law of Ontario is that grandchildren owe extra moral respect to their elders- therefore, Morty cannot avoid the contract. O d. The law of Ontario presumes that family members do not intend to enter into legally enforceable bargains when they make promises to each other, so this fact helps Morty avoid the contract by forcing Rick to demonstrate that a mutual intention to create a legally binding relationship existed