. Bob offers to sell his car to Harry for $5,000. Cathy overhears the offer. Cathy:
a. can accept the offer if Harry executes an assignment
b. can accept the offer if she has the means to accept
c. cannot accept the offer because she is not the intended offeree
d. cannot accept the offer because she lacks contractual capacity

. Bob offers to sell his car to Harry for $5,000. Cathy overhears the offer. Cathy:...
Which of the following offerors is free to revoke his offer? An offeror of a unilateral contract where the offeree already started performance. An offeror, who is a merchant, agreed in writing to sell goods and gave assurances that the offer would remain open. An offeror that agreed to keep an offer open without consideration. An offeror who promised to keep an offer open without consideration, but later changed his mind and the offeree foreseeably and reasonable relied on the...
question? Odelia offers in writing to sell her ranch to Erik for $150,000. A week later, when Erik is about to mail his acceptance, Odelia dies in a motor vehicle accident. Odelia’s heir informs Erik that she is no longer interested in selling the ranch. Erik decides to resolve the dispute in court, stating that the offer cannot be revoked since he had already decided to accept the offer and was about to mail his acceptance. Analyze the case and...
A unilateral contract is formed when the offeror makes an offer to pay money for some service by the offeree the offeree performs an act requested by the offeror. the offeror solicits a promise of performance from the offeree the offeree promises to perform an act requested by the offror. b. A contract that is formed by the acts and conduct of the parties is called_ contract a. an implied-in-law b. an implied-in-fact express d. implicit C. Rocky was hired...
TRUE OR FALSE: 1. Harry is drunk and driving his car 15 miles over the speed limit. He hits Angelina who is crossing the street on foot against a red light (Harry has the right of way). Angelina has over $100,000 in medical bills and has significant pain and suffering. If Angelina sues in a state that follows the theory of contributory negligence, she will get nothing. 2. A person cannot be guilty of negligence if they have no duty...
1. If you enter into an agreement with your landlord that you will wash his car three times every week in return for you staying with him, would you classify it as an enforceable agreement? Give reason for your answer. 2. Explain in your own words what you understand to be social and domestic situations in this context. 3. Imagine you went to a shop and bought ten items which cost about $40, using your EFTPOS card from a prominent...
FACTS for Questions 10 and 11: Jay faints while visiting an amusement park, and hits his head on a wooden bench. Management of the amusement park calls an ambulance, which takes about 10 minutes to pick Jay up and then take him to the hospital for evaluation. During this 10 minutes time, Jay’s friend Billy-Bob has Jay sign a form, to sell his very valuable antique car (worth about $50,000) to Billy-Bob for only $2,000. Billy-Bob takes the car keys...
Question 14 (2 points) Saved While having lunch at a Wendy's restaurant, Karin offers Sebastian her priceless original Gauguin painting for $1 because "Sebastian is a good friend and always has been there for her. Karin, a notoriously bad speller, writes the following short agreement on the back of a heavily used yellow paper napkin using multicolored crayons: "I, Karin Miller, herebeye sel to my bestest friend and solemate, Sebastian Jones, my original Goguin peinting (called Summer at the Beech)...
In Chapter 12, we focus on learning about the first element, which is "The Agreement." An agreement must have an offer and acceptance. Assuming the other 5 elements of a contract are satisfied, a binding contract is formed as soon as an offer is accepted. Counteroffers are a common occurrence in attempting to get to an agreement. Any change to an offer, even with words of acceptance, is a counteroffer. A counteroffer, or any change to the terms of the...
36. Trespass to land is committed if, without the permission of the property owner, a person a. enters the property to assist someone in danger. b. causes water to back up onto the property. c. has a revocable license to come onto the property. d. all of the choices. 37. Tom and Bob are best friends and are on the school baseball team. Tom thinks Bob has great reflexes, so when he passes him in the hallway he yells, "Thank...
Terrence has been Pauline's agent in the liquor business for 10 years and has made numerous contracts on Pauline's behalf. Under which of the following situations could Terrence continue to have the power to bind Panline?a. Terrence lost his license to sell liquor in that state.b. The firing of Terrence by Pauline.c. The death of Pauline without Terrence's knowledge.d. The bankruptcy of Pauline with Terrence's knowledge.Which of the following is a reason to deny a debtor a discharge in bankruptcy?a....