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Unformatted text preview: Zhemer offered a written contract to give the deed of his property up for the sum of $50,000. It is within reason to believe this was a consequential action. At the time of the offer Lucy offered $5 to bind the contract, the offer was signed by Zhemer. The emotional intent of Zhemer has no validity, as a signed contract lie on the table. CONCLUSION Yes, the contract is legally binding. The courts ruled that any reasonable person would view this as a serious contract, as outlined by the objective theory of contracts....
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This note was uploaded on 07/04/2011 for the course MGMT 3125 taught by Professor Aminekhayati during the Spring '10 term at SPSU.
- Spring '10