4. Two adults, John and Jackie, were eating lunch together when John says; “I really need to sell my Harley Davidson motorcycle for $6,000 so I can pay my bills.” Jackie says, “I love mopeds, I will pay you $6,000 for your scooter.” John replies, “Great, I will deliver it on Monday.” Jackie is very upset when she sees the motorcycle on Monday.
a. Was a valid contract formed after Jackie’s response that she would give $6,000 for the scooter i.e. before John’s final response? Why or why not?
b. Was a valid contract formed by the end of the conversation i.e. after John’s final response? If so, is it a unilateral or bilateral contract?
c. Identify and explain any possible ways Jackie could get out of the contract if a valid contract has been formed. In your opinion, would Jackie be successful in rescinding the contract i.e. is it likely a court would declare it void? Why or why not?
d. Is this situation covered by the UCC or common law? Explain.
2007-10-31
09:09:46
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3 answers
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asked by
ryan h
1