Reference no: EM131624382

Sally walks by a park and sees a banner that reads, "Complete the 5 K Waddle Walk and Receive a $500 Scholarship." The banner in small print says, "Sponsored by the United Progressive Charity Scholarship Fund" which exists solely to provide scholarship opportunities to people. The fine print also states the date and time of the walk. Sally shows up at the given time with a large group of other people. She completes the walk according to the statement on the banner. Which is true about the banner and the walk?

Sally has accepted the contract at the time she appears at the walk on the delegated day and time.

She can only sue under quasi contract, if they do not pay her, if she knew when she accepted that the walk was sponsored by a charity whose purpose was to fund scholarships.

She can only sue under quasi contract if she knew when she began the walk that the charity's sole purpose was to provide scholarship money.

If she is not paid at the end of the walk, she will lose in court if she files a lawsuit claiming she exchanged promises with the charity and, based on the exchanged promises, a breach of contract occurred.

QUESTION 4

Terry says to Peggy, "I will give you $50 today because it's sunny outside and I am happy!" Peggy says, "Great, I will take it!' Based on these facts, which is true.

If Terry fails to pay her by the end of the day he has breached the contract.

Peggy has no claim against Terry if he fails to pay.

Quasi contract applies.

Promissory estoppel applies.

Marta contracts with Pablo V. Angelo, a very famous painter, to do an oil painting of her poodle, Murphy. Murphy has become quite a celebrity on local TV doing ad spots for a local pet store. When he passes away, Marta can no longer bear to look at the painting because it makes her so sad with loneliness. She sells the painting to a local collector who was a big fan of Murphy's for $5,000. They sign a written contract, but then when the purchaser shows up with the check, she says she changed her mind and slams the door on him. He sues to force her to turn over the painting. Which of the following is false?

He is not limited to money damages as a remedy for the breach of contract.

He is entitled to specific performance.

The fact the painting is rare will be considered by a court.

There has been no breach of contract since Marta had not been paid-in-full yet.