Your good friend, Sookie seeks your advice. Sookie had been in dire need of some extra cash to fix her home and decided to go to her friend Eric for some help. When Sookie approached Eric, he offered to lend her the money she needed in the following agreement: "Eric promises to lend Sookie $10,000 (ten thousand dollars) if, in exchange, Sookie agrees to pay Eric $10 dollars within the next 100 years and to repay the loan if she thinks she can afford it."

Sookie fully intends to pay Eric back the full $10,000 well within the 100 years,and tells him that she will be calling the contractor that very day to begin repairs, and Eric says he will give the money to Sookie when she needs to pay for the repairs.

The next day, Sookie hires a contractor to come and fix her house. When Sookie asks Eric for the money to pay the contractor, Eric refuses to give her the money unless she agrees to stop dating her boyfriend, Bill, and agrees to go out on a dinner date with Eric. After thinking it over, Sookie refused to break up with her boyfriend Bill and turned Eric's dinner date invitation down. Sookie is extremely upset because she now owes the contractor who fixed her home $10,000, and he has threatened to sue her.

Question:

How is a court likely to resolve this dispute? Be sure to include all theories of contract law that are applicable to the situation even if you think one theory would resolve the issue. One page, double-spaced, maximum length.

Answer rating: 100% (QA)

Analyzing the Contract Dispute Between Sookie and Eric To determine how a court is likely to resolve this dispute its essential to analyze it through ... View the full answer