Contract or No Contract? Applying the theory of contract law,...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Contract or No Contract?
Contract or No Contract?
Applying the theory of contract law, discuss if these 4 situations have formed an enforceable contract.
3. Susan: I will sell you my laptop for $500. Jenny: No, I dont want it for $500. Jenny: But Ill give you $400 for it. Susan: No way, it's like brand new! Jenny: Ok, Ill take it for $500.
Do Susan and Jenny have a contract or not? Why?
4. Lynn's cat is missing in her neighborhood. She posts a sign with a picture that states: "$50 reward for finding Lucy". Lynn asks her friend James to walk around with her and look for Lucy. He agrees. After about 40 minutes, a stranger approaches Lynn and James with Lucy the cat and asks them if they know who she belongs to. Who does Lynn owe the reward money to and why?
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.