Reference no: EM133330946

What does it mean that the legal system follows the Objective Theory of Contracts? What factors does the court look at to determine if an offer was made by the offeror to the offeree that can be accepted to form a contract? What factor does the court not look at? What is the test to determine if an offer exists that can be accepted to form a contract? Please discuss and explain 1 example case mentioned in the Lecture (if the example is not from the lecture, you will not receive credit). 2. What is the Revocation Rule (when is Revocation effective)? What is the Mailbox Rule (when is Acceptance effective)? Please provide an example that shows both concepts in action (make sure and use dates in your example and tell me when revocation took place and when acceptance took place). Explain your example. 3. What is Substantial Performance? Explain how and why the Majority ruled as it did in the Pipe case mentioned in the lecture. Explain why the Dissent ruled as it did in the Pipe case mentioned in the lecture. In your opinion, which argument was more persuasive? Explain why.