Contract Questions

Elcos refusal is a correct because rails multiple

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Unformatted text preview: , in reliance on the promise, will be induced by the nature of the promise to take action or refrain from taking action and the promisee does so. c. The courts will not, under any circumstance, enforce promises that do not include all four of the elements of contract. d. Both a and b. 371. Rail, who was 16 years old, purchased an $800 computer from Elco Electronics. Rail was unhappy with the computer. Two days after reaching the age of 18, Rail was still frustrated with the computer’s reliability. He returned it to Elco, demanding an $800 refund. Elco refused, claiming that Rail no longer had a right to disaffirm the contract. Elco’s refusal is a. correct, because Rail’s multiple requests for service acted as a ratification of the contract. b. correct, because Rail could have transferred good title to a good faith purchaser for value. c. incorrect, because Rail disaffirmed the contract within a reasonable period of time after reaching the age of 18. d. incorrect, because Rail could disaffirm the contract at any time. 372....
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