Coat you are carrying and some food

Assignment Help Business Law and Ethics
Reference no: EM13787286

Lisa is walking down the street in January when she notices a young man named Denny. Denny looks a little worse for wear, so Lisa offers to buy him lunch. As they are talking, Denny says to Lisa: "I'm in a pretty rough spot. I don't have any money right now. But I promise to pay you $450 if you give me that coat you are carrying and some food (that sum represents the reasonable value of those items). Lisa responds: "How old are you?" Denny states that he is 20. However, this is a lie. Denny is actually 16. Lisa looks him over one more time, and she agrees to the exchange. Before they leave, Denny says,"Actually, I will promise to give you another $50 if you let me borrow your bike." Lisa writes down all of these promises into a contract. Both parties sign the contract, and they go to the bank and have it notarized. A week later Denny trashes the bike, and he tells Lisa that he is not going to pay. Lisa sues Denny in court for breach of contract, and she learns that he is only 16. What is likely to happen in the court case?

Reference no: EM13787286

Questions Cloud

Production planning and quality management issues : Explain the technique you identify, and give an example of how it is used in the manufacturing, retail, and health care industries.
Elaine went snow tubing down a snow-tube : Elaine Sweeney went to Ragged Mountain Ski Resort in New Hampshire with a friend. Elaine went snow tubing down a snow-tube run designed exclusively for snow tubers. There were no Ragged Mountain employees present in the snow-tube area to instruct Ela..
About personal and professional growth : Personal and Professional Growth.
Analyze the internal environment of the company : Analyze the internal environment of the company you researched (Wendy's or Chipotle) to determine that company's strengths and weaknesses.
Coat you are carrying and some food : Lisa is walking down the street in January when she notices a young man named Denny. Denny looks a little worse for wear, so Lisa offers to buy him lunch. As they are talking, Denny says to Lisa: "I'm in a pretty rough spot. I don't have any money ri..
Describe financial accounting disclosures : Describe financial accounting disclosures required for nonprofit organizations and how these disclosures provide useful information to users.
What is the nature of scientific variables : What is the nature of Scientific Variables? In a 500 word essay, please explain what you understand by Scientific Variable. What is the nature of Scientific Variables
Opinion about using animals for research : What is your opinion about using animals for research? Was your opinion affected by the readings for this assignment?
Parenting in diverse cultures issues : How will this learning influence your interactions with parents and children in the future?

Reviews

Write a Review

Business Law and Ethics Questions & Answers

  Legal environment of business caselet

The assignment in Law deals with the topic "Legal Environment of Business". A case study about Mary, a newly joined employee who is working in the USA and Europe. She faces few issues at her work place in Europe and tries to talk to her manager who s..

  Business ethics & legal issues caselet

This assignment is about the concept of Business Ethics & Legal Issues. The laws relating to these can be found in Antitrust laws. These laws are concerned with those large corporations which have a majority of market share, mergers and acquisitions.

  Questions on business law and ethics

Examples of securities that are exempted from the registration provisions of the 1933 Act and involving misstatement of material facts in a prospectus.

  Discuss the doctrine of ratification of pre-incorporation

With the aid of a decided cases, discuss the doctrine of ratification of pre-incorporation contract.

  Discuss the extent of phoenixing activity

It has been estimated that about 6,000 phoenix companies operate in Australia, costing government and the community hundreds of millions of dollars per year and impacting on individuals.

  Application of law to facts

Company Law, Application of Law to Facts and Conclusion.

  Question on business law and ethics

This assignment related to business law.

  Questions on business law

Answer all the questions under business law.

  Iidentify the issue raised by the facts

Iidentify the issue(s) raised by the facts, identify the relevant legal principles, apply the relevant legal principles to the facts, reach a conclusion.

  Evaluation of software development

Prepare a report and present an evaluation of the subsequent methodologies for software development in terms of cost, resources and time.

  Business value and ethics

Business value and ethics,  Bart agrees to put Sam's Super Bowl champion-ship autographed football in his sports store to sell for $1,500. Sam agrees to pay Bart a 15% commission for selling the ball. If Joe comes in the sports store and offers Bart ..

  Explain what is meant by income by ordinary concepts

Advise what tax consequences arise in respect of the payments.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd