Question
Zion decided that he would purchase a yacht with his first NBA check. He really liked the navy Blue yacht that Lebron owned. On March
Zion decided that he would purchase a yacht with his first NBA check. He really liked the navy Blue yacht that Lebron owned. On March 1 2019 Zion sent Lebron a fax, offering to buy the navy blue yacht for 10 million dollars. On March 5 2019 Lebron replied by fax that he would sell it, but only for 12 million. On March 72019 Lebron changed his mind and sent Zion a fax, saying that he accepts Zion's offer of 10 million dollars to buy the navy blue yacht. Zion faxed Lebron and told him no, I am not going to buy it for 10 million dollars.Lebron got mad and told Zion that since Lebron had accepted Zion's offer, Zion had to pay 10 million for the navy blue yacht, or Lebron would sue him for breach of contract. Zion laughed to himself and thought, Lebron should have gone to college before going to the NBA.
QUESTION: With regards to this fact scenario,
1.Identify and define two contract principles, and explain how they apply to this scenario.
2.If Lebron sues Zion, who would win?
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