Unformatted text preview: hich she tries to revoke the offer,
since she’s found someone who is willing to pay $800 for the rug.
A. Was mail a proper way for Anita to accept?
B. Did Bertha revoke her offer in a timely manner?
C. Do they have a contract?
D. Suppose Anita forgot to put a stamp on the letter. Has Bertha successfully
revoked with her phone call later that same day?
E. Assume Anita properly stamped and addressed her letter. What if she
had written, “I accept and will buy the rug for $350.” Now do they have a
Case 3. Rebecca is planning to retire from her job at BCA Corp. Todd, the president
of BCA Corp., tells Rebecca: “In consideration of your thirty years of faithful
service to this company, BCA Corp. promises to pay you $1,500 per month for
the rest of your life when you retire next week.” Rebecca gratefully accepts.
A. If BCA doesn’t pay Rebecca the pension, can she successfully sue for
breach of contract?
B. What if Rebecca had not yet decided if she could afford to retire, and then
Todd makes the promise?
C. Suppose Rebecca had definitely already decided to retire, but Todd is concerned about replacing her. Now Todd offers, “In consideration of Rebecca’s thirty years of faithful service, BCA Corp. promises to pay her $1,500
per month for the rest of her life, provided that she continues to work for
BCA for at least three more months.” Does this change the situation?
Case 4. Carla contracts to drive Martin’s race car in an upcoming race in exchange
for $1,000. Now Martin learns that the prize money has been increased, and
he tells Carla, “If you win, I’ll pay you $1,500.” Carla wins the race.
A. Does Martin owe her $1,000 or $1,500?
B. Suppose instead Carla had contracted to sell Martin three race cars for
$75,000 each. Now she tells Martin that because some components have
gone up in price, she will only sell him the three cars if he pays an extra
$10,000 per car. Martin isn’t happy, but he really wants the cars so he
agrees. Is Martin bound to pay the ext...
View Full Document
This test prep was uploaded on 04/09/2014 for the course BUS 311 taught by Professor Parker during the Spring '10 term at Ashford University.
- Spring '10
- Business Law