Reference no: EM133613013

Question 

1. Your friend, Bob, has just borrowed $100 from you and offers to write up an I.O.U. It reads: July 1, 2022 I, Bob Smith, owe you $100. And Bob signs the document. Does this I.O.U. make contract to repay a debt? Why or why not? Please explain.

2. Your favorite Aunt, Aunt Prudence, writes you a letter to celebrate your admission to Baker College. She concludes the letter with this remark: I am so proud of you that next week I promise that I am going to send you a $1000 check. You immediately write back: "Dear Aunt Prudence. Thank you so much. I accept your generous offer." A week later, Aunt Prudence writes again to say that she has changed her mind. "Any present will come only after you graduate." Could you successfully sue Aunt Prudence for the $1,000? Explain your response, making sure to address both scenarios.

3. Your favorite burger place is Betty's Burgers. One day you and a friend, George, stop and both of you order the same meal, the BIG ONE, rare with all the fixings. When the server, Buzz, returns with the BIG ONES, the burgers are well done rather than rare. You ask the server to have the BIG ONES redone, and he tells you that this is contrary to Betty's Burgers policies. In a huff, you stand and tell George that both of you are leaving without "paying a dime." Then, you and Buzz have the following conversation. Buzz: If you leave without paying, that is stealing, and I will call the police. You: There is no contract. I never promised to pay. Buzz: Well, I am not a lawyer, but I think there was some kind of contract. You: Well, if there was a contract, you breached it with that burnt burger, and I can just leave without paying. Please answer the following questions: Is there a contract, and, if so, when was it created, and what type of contract was formed? Does either the server or you have the better legal argument about your choice to leave without paying? Why?

4. Have you been a party to a contract that was oral (not written or later memorialized in writing), express, and bilateral? If so, please explain. If not, please think of and give an example of one that meets all three criteria.

5. Zeke and Zelda have been together for three years, but they have had a troubled romantic relationship. Throughout their years together, the couple has resided at So Posh Apartments, a very upscale complex. Zeke and Zelda have split their lease payments, 50-50. As their annual lease renewal period approaches, Zelda decides that she cannot commit to Zeke for another year. When Zelda shares these feelings with Zeke, he quickly offers to pay for the entire year if Zelda will agree to stay with him for the coming year. Zelda accepts the offer, and the two of them put their agreement in writing, sign, and date the agreement. Zeke assumes the lease on his own (Zelda is not listed on the lease with the landlord) and makes the necessary payments for the next six months. At that time, Zelda tells Zeke, "I've had it" and leaves without further explanation. Zeke sues Zelda for breach of contract. Is Zeke likely to succeed in his lawsuit? Why or why not? Please explain.

6. You ask Matilda to paint your house for $1000. Matilda says, "I totally promise to paint your house if I have time." You accept her offer.

7. You ask Samantha for a pay raise. Samantha replies, "I will raise your salary if I find your work satisfactory." You accept her offer.

8. You own a company that makes fruit jam. You enter into a contract with Johnny Appleseed, an orchard owner that states you will buy all the fruits you need from Johnny. Johnny accepts your offer.

9. Your car is for sale. Horace stops in, takes your car for a test drive, and offers your asking price if he can clear enough money on the sale of his car. You accept Horace's offer.