When major league baseball came to Toronto in 1976, Eddie Cogan bought eight season's tickets in a prime locationfield level, behind first base. At that time, he agreed to sell four of his tickets to Fobasco Ltd, a company owned by his friend and business associate, David Fingold. David, in turn, gave the tickets away to Fobasco's prospective customers, in an effort to drum up business. Although that arrangement lasted for many years, Eddie decided in 1986, around the time that the Blue Jays became contenders and shortly before they moved into SkyDome, that he would prefer to sit next to his own sons rather than Fobasco's clients. He told his old friend that their arrangement was at an end. David was upset because he could not otherwise get good seats for the games. He therefore sued for breach of contract, claiming that Eddie had contractually agreed to sell tickets to Fobasco on an annual basis.

Was the agreement to sell four season's tickets each year to Fobasco Ltd a binding contract? (Apply a 3-step legal analysis.)

3-step legal analysis:

1. Legal Issue: Identify the relevant legal issues: (Under Canadian Law)

Read and understand the facts to determine the legal questions that need to be answered

2. Applicable Law: Identify and discuss the law relevant to the issue.

Cite the applicable law.

3. Apply Law to Facts: Apply the law to the facts and come to a conclusion or opinion.

Don't apply just common sense. Apply the law!