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Offer or intended to be bound to the contract

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Reference no: EM132086396

1. In determining if an offeror intended to be bound to the contract, we look at which of the following factors?

What the offeror says he or she intended only.

The circumstances surrounding the offer from a reasonable person's view as to whether the offeror was serious about the offer.

Whether the offeror gives reasonable assurances that the offer will remain open.

The offeree's argument that the offer was made only.

2. Since Linda is struggling to pay her rent, Joe offers to give Linda $500.00 the next day.  Linda does not offer anything in return.  The next day Linda sees Joe, but he does not give her the money. If Linda sues to enforce the contract, what is the most likely result?

Joe will have to give Linda the $500.00 because he said he would.

Joe will have to give Linda more than $500.00 since she had to file a lawsuit.

Joe will not have to give Linda the money since there is no consideration for this promise and there is no reason to apply promissory estoppel.

The court will probably split the difference and have Joe give her $250.00

Reference no: EM132086396

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