Question
Place in Fact-issue-law-discussion-conclusion format. 8-1. Unilateral Contract. Rocky Mtn Races, inc., sponsors the pioneer trail ultramarathon, with an advertised first prize of 10,000. The rules
Place in Fact-issue-law-discussion-conclusion format.
8-1. Unilateral Contract. Rocky Mtn Races, inc., sponsors the pioneer trail ultramarathon, with an advertised first prize of 10,000. The rules require the competitors to run one hundred miles from the floor of blackwater canyon to the top of pinnacle mtn. the rules also provide that rocky reserves the right to change the terms of the race at any time. Monica enters the race and is declared the winner. Rocky offers her a prize of 1,000 instead of 10,000. Did rocky and monica have a contract? Explain.
8-9. Time-Limited Group Assignment- Preexisting duty. Melissa Faraj owns a lot and wants to build a house according to a particular set of plans and specifications. She solicits bids from building contractors and receives three bids: one from carlton for 160,000, one from feldberg for 158,000, and one from siegel for 153,000. She accepts Siegel's bid. One month after beginning construction of the house, siegel contacts Faraj and tells her that because of inflation and a recent price hike for materials, his costs have gone up. He says he will not finish the house unless faraj agrees to pay an extra 13,000. Faraj reluctantly agrees to pay the additional sum. (A group will assume that after the house is finished, Faraj refuses to pay the extra 13,000. The group will decide whether faraj is legally required to pay this additional amount).
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