Course Hero Logo

Fred has state law required auto insurance with the

Course Hero uses AI to attempt to automatically extract content from documents to surface to you and others so you can study better, e.g., in search results, to enrich docs, and more. This preview shows page 9 - 10 out of 24 pages.

Fred has state law required auto insurance with the minimum policy limits.Fred’s wife, Wilma, immediately calls Betty, BamBam’s mom, & apologizes when she findsout about BamBam losing his eye. Wilma says to Betty, “Please don’t worry. We will payfor anything the insurance doesn’t cover, including the loss of BamBam’s sight & anythingelse he needs to recover & live a normal life.” Betty sobs & says, “You are too good to us.We can’t accept that.” Wilma says, “Of course you can.” Betty cries harder & says, “Thankyou so much but (unintelligible)” & hangs up. Fred & Wilma own a house worth $450,000,a car worth $20,000, a full-size T. rex skeleton for which a museum has offered $200,000 inthe past, & some stocks & bonds worth $700,000.A lawsuit ensues & a judgment againstFred & for BamBam is entered for $300,000. The insurance company paid their cap of$250,000, leaving $50,000 remaining due. Fred & Wilma immediately pay BamBam$50,000. Further, Wilma buys a designer eye-patch for BamBam made specifically byCalvin Klein with a picture of Fred & Wilma’s daughter, Pebbles, on it. Wilma hugsBamBam when she brings over his new eye patch & says, “Anything. Anything you need.We will take care of it for you.” Fred rolls his eyes at Barney, & Barney sighs & shakes hishead. Betty & Wilma both cry at how adorable BamBam looks with his new eye patch.Barney buys BamBam a new car, specially designed for people with one eye. Wilma findsout & calls Betty, asking how much the car was. Betty says they are making payments onthe car of $450/month for the next 4 years. Wilma writes Betty a check for $450, & sendsher one every month for the next 8 months.Eight months after the judgment was rendered, BamBam is discovered to have moredamage to his head than originally thought. He loses sight in his other eye & now is totallyblind. BamBam’s parents sue Fred & Wilma again for personal injury, but the case isthrown out as the first case already decided the injury case. Fred refuses to pay more toBamBam, & he takes the check book away from Wilma when he discovers she’s beenmaking BamBam’s car payments. The two families stop speaking to each other. BamBamthrows away his now useless eye patch & becomes despondent. His dreams of being a dragracer seem to be over. BamBam’s attorney refiles the case, this time on grounds thatWilma’s statement to Betty was a binding contract that requires that Wilma pay anyremaining damages to BamBam, for the remainder of his life.Was Wilma’s statement a binding contract? Using the law of contracts, explain why or whynot. Does BamBam’s age have anything to do with your answer? Can Fred be bound by thepotential contract Wilma may have entered into? Use the law of agency to explain youranswer to that question. Did Wilma’s purchase of the eye-patch give BamBam a greater legto stand on in court? What about the car payments she made? Explain fully your answer tothese questions.

Upload your study docs or become a

Course Hero member to access this document

Upload your study docs or become a

Course Hero member to access this document

End of preview. Want to read all 24 pages?

Upload your study docs or become a

Course Hero member to access this document

Term
Spring
Professor
N/A
Tags
Marianne Jennings

Newly uploaded documents

Show More

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture