Take care of his property for the summer

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Reference no: EM133813419

Question

"Your good friend has asked you to take care of his property for the summer. You will be spending about $1,500 on supplies and equipment to do the job properly. Your friend says don't worry about the outlay of cash. He will pay you $6,000 for the care of his property over an eight-week period. The payment will come in September in one large check. You shake hands on the agreement, but you want a more formalized agreement. Your friend is a good guy but has been known to get a little cheap on occasion. Do you do the work on a handshake, yes or no? Is a handshake in this circumstance a legal contract? What is the predominant purpose and how is it decided?

What other concerns do you have about this deal if any?"

Reference no: EM133813419

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