Contract Questions

Is a bilateral contract since mutual promises were

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Unformatted text preview: ually and personally intend to sell the typewriter. b. there is no contract because Smith did not intend to sell. c. there is a contract if a reasonable person would think that Smith was making an offer, and if Burns thought so. d. there is a contract only if the judge would have thought it was an offer if he heard the conversation. e. none of these answers is correct. 394. Smith states, “I am getting tired of trying to keep my collection of Playboys and National Geographics in order, and if I get a good offer to sell them, I will take it immediately.” Bright, overhearing the statement immediately responds, “I make you a good offer of $400.” This transaction a. is a bilateral contract, since mutual promises were exchanged. b. is not a contract because there was no offer and acceptance. c. is not a contract. If Bright expends any money in reliance on Smith’s promise, then Bright can recover it on quasi-contract. d. is an implied-in-fact contract, but not an express contract. e. None of these answers is correct. 395. a. b. c. d. So-called “contr...
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