Question
Please answer the 2 questions separately and provide References separately. This question is taken from the following book. The Legal Environment of Business: Text and
Please answer the 2 questions separately and provide References separately. This question is taken from the following book.
The Legal Environment of Business: Text and Cases - Ethical, Regulatory, Global, and Corporate Issues Author(s):Cross, F. B., & Miller, R. L. Publisher:CengagePublishers Edition/Year:11thedition/2021
Q1- Ed, a businessperson, is a friend of Fran, the owner of a candy store. Every day, Ed spends five minutes in Fran's candy store, looking at the candy and usually buying one or two candy bars. One afternoon, Ed goes into the store, looks at the candy, and picks up a $1 candy bar. Ed waves the candy at Fran without saying a word and walks out. Is there a contract? If so, how would it be classified in terms of formation, performance, and enforceability? (Provide Reference separately)
Q2- Ann promises to pay her cousin Bert, who is dangerously obese, $10,000 if Bert loses 100 pounds within the next two years. Bert agrees, performs his part of the bargain, and asks for the money. Ann refuses to pay, saying that she forgot about the deal, but that even if she did make such a pledge, there was no valid consideration for it. Bert files a suit against Ann. In whose favor is the court likely to rule, and why? (Provide Reference separetely)
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