Ask Homework Help/Study Tips Expert

1) To promote the new minor league hockey team coming to town, the owners of the team, H.K. Enterprises, announces a contest to name and create a mascot for the team, offering the winner a prize of $10,000 and season tickets for life. Before a winner is announced, the owners decide the prize money is more than they can afford. Discuss whether they can change the prize before the contest is over by defining bilateral and unilateral contract, applying the correct type to the facts, and reaching a conclusion?

2) Jose and Maria were renting their home and asked their landlord, Martin if he would consider selling it to them. Martin encouraged them to apply for financing, and even referred them to a mortgage broker. However, when they applied, they were told they needed to improve their credit score to qualify for a mortgage. To help establish credit, Jose and Maria took out a loan to add a garage onto the house, so Jose could do car repairs at home to earn extra money. When Maria lost her job, they missed their rent payment to Martin who promptly sued to evict them. Do Maria and Jose have a successful argument for a quasi-contract to recover the amount they spent to build the garage? Discuss whether Martin will be unjustly enriched?

3) A vendor at the flea market has a table full of purses for $40, which appear to be identical to top designer brands that sell for $400 or more. Although Nicole suspects that they might be fakes she can't pass up a bargain and buys 5 of them in 5 different colors. When the first one falls apart in a week, she takes them all back to the vendor and asks for a refund. The vendor points to the sign that says, no refunds or exchanges, and refuses to take them back. Does Nicole have a right to demand that the contract should be void or voidable based on the violation of copyright laws that protect brand name designs?

4) Office Supply Center sends out an email to all of its customers stating, "Free tote bag and 20% off everything that fits in it, to the first 100 customers! Is this an offer or just an advertisement? What additional terms are needed to make the offer definite and certain?

5) David and Jennifer need new siding on their home, but the deck needs to be repaired before the siding can be done. They get competing estimates from contractors, and tell Denise from The House Fixers that their offer is acceptable but the work can't be done until the deck is finished. Denise says, "That's fine, just call us when you are ready to start." David and Jennifer have all kinds of trouble getting the deck contractor to finish the work, which is further delayed by weather conditions, so an entire year goes by before they contact The House Fixers to schedule the siding work. Denise is no longer working there, and the new office manager, Karen says the contract is no longer valid and has to be rewritten to reflect new pricing. Analyze whether the contract is valid by addressing who was the offeror and who was the offeree, whether the terms of the offer and the acceptance were definite and certain and whether the offer was rejected by lapse of a reasonable time?

6) Felicia texts her sister, Krissie, "Will sell u my car for $500, need money ASAP" Krissie knows the car is worth ten times that, but her sister really needs the money, so Krissie texts back, "OK". Krissie successfully runs a cupcake food truck, so she writes her sister a check from the business account for "Krissie's Kupcakes", and puts it in the mail to her sister. However, a week later when Krissie finds time to go get the car, she finds out that Felicia has sold it to someone else for $3000, but of course she has already cashed the check. When the two sisters end up on the Judge Judy show, Felicia testifies that her sister should have known that her offer was so low she wasn't serious about selling it for so little, and that she cashed the check assuming it was payment for the when she helped her sister out when the truck was parked at the state fair for a week. Will Judge Judy decide that the sisters made a valid offer and acceptance for the sale of the car?

7) Review the Ohio Statute of Frauds, here: Chapter 1335: STATUTE OF FRAUDS and here: 1302.04 Formal requirements - statute of frauds - UCC 2-201 . State whether each of the following contracts must be in writing under Ohio law and identify the applicable statute number and subpart:
a. A contract with a celebrity to be featured in a 2 year marketing campaign.
b. A contract to buy a kayak off Craig's List for $700.
c. An agreement by the owner of a business to guarantee his company's payment of an account at a local supply store.
d. A contract to buy space in a shopping center to run a retail store

Homework Help/Study Tips, Others

  • Category:- Homework Help/Study Tips
  • Reference No.:- M92436415
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Homework Help/Study Tips

Review the website airmail service from the smithsonian

Review the website Airmail Service from the Smithsonian National Postal Museum that is dedicated to the history of the U.S. Air Mail Service. Go to the Airmail in America link and explore the additional tabs along the le ...

Read the article frank whittle and the race for the jet

Read the article Frank Whittle and the Race for the Jet from "Historynet" describing the historical influences of Sir Frank Whittle and his early work contributions to jet engine technologies. Prepare a presentation high ...

Overviewnow that we have had an introduction to the context

Overview Now that we have had an introduction to the context of Jesus' life and an overview of the Biblical gospels, we are now ready to take a look at the earliest gospel written about Jesus - the Gospel of Mark. In thi ...

Fitness projectstudents will design and implement a six

Fitness Project Students will design and implement a six week long fitness program for a family member, friend or co-worker. The fitness program will be based on concepts discussed in class. Students will provide justifi ...

Read grand canyon collision - the greatest commercial air

Read Grand Canyon Collision - The greatest commercial air tragedy of its day! from doney, which details the circumstances surrounding one of the most prolific aircraft accidents of all time-the June 1956 mid-air collisio ...

Qestion anti-trustprior to completing the assignment

Question: Anti-Trust Prior to completing the assignment, review Chapter 4 of your course text. You are a manager with 5 years of experience and need to write a report for senior management on how your firm can avoid the ...

Question how has the patient and affordable care act of

Question: How has the Patient and Affordable Care Act of 2010 (the "Health Care Reform Act") reshaped financial arrangements between hospitals, physicians, and other providers with Medicare making a single payment for al ...

Plate tectonicsthe learning objectives for chapter 2 and

Plate Tectonics The Learning Objectives for Chapter 2 and this web quest is to learn about and become familiar with: Plate Boundary Types Plate Boundary Interactions Plate Tectonic Map of the World Past Plate Movement an ...

Question critical case for billing amp codingcomplete the

Question: Critical Case for Billing & Coding Complete the Critical Case for Billing & Coding simulation within the LearnScape platform. You will need to create a single Microsoft Word file and save it to your computer. A ...

Review the cba provided in the resources section between

Review the CBA provided in the resources section between the Trustees of Columbia University and Local 2110 International Union of Technical, Office, and Professional Workers. Describe how this is similar to a "contract" ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As