The following 3 questions have multiple parts: they require an answer and an
explanation of your answer.
10. S calls B and says, “I will sell my 1966 Mustang convertible to you for $3,000.”
B knows that the car is worth $4,000. B replies, “Would that include the trunkmounted spare tire?” S hangs up without a word. B calls back in three days and
says, “I’ll buy the car for $3,000.”
Is there a contract? Why or why not? (3 points)
11. Penny found a wallet on a city street; looked inside to determine its owner
and returned it to its true owner, Richard. A few days later she found out that
Richard had offered a reward in the amount of $100 for the return of the wallet.
She asks Richard for the reward money, but he refuses.
Is Penny entitled to the reward? Why or why not? (3 points)
12. Jack is an accountant who works for the firm of Readum & Weep. Jack was
approached by Ima Phool, who represents one of Readum’s competitors,
Numbers R Us. Jack was offered a substantial raise to leave his company and
work for Numbers. When Jack’s boss heard this he called him in and said, “If you
agree to stay with us for at least five years, I promise that next year you will
receive a promotion with a 50% raise, and a 5- year contract.” Jack turned down
the offer and stayed with Readum. Nine months later Jack was dismissed due to
corporate downsizing.
Can Jack legally enforce his boss’s promise? What theory or theories would Jack
use? What defense(s) will the employer raise? (5 points)

SuperTutor

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Status NEW Posted 07 Jul 2017 07:07 AM My Price 6.00

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