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Discussion Questions "Contracts" Please respond to the following: Develop a hypothetical situation illustrating the formation of a contract, and identify the offer, acceptance, and consideration of...

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Discussion Questions
"Contracts" Please respond to the following:
  • Develop a hypothetical situation illustrating the formation of a contract, and identify the offer, acceptance, and consideration of this hypothetical contract.
  • Determine the enforceability of your hypothetical situation and identify any potential legal weaknesses. In considering the situation, describe a situation in which a contract dispute might ensue.
Answered Same Day May 11, 2021

Solution

Subhalaxmi answered on May 13 2021
146 Votes
Running Head: FORMATION OF CONTRACT                     1
FORMATION OF CONTRACT                                 2
FORMATION OF CONTRACT
Hypothetical situation illustrating the formation of a contract
    To form a contract there must be at least two parties, one party must make a definite offer and the other party must accept it. The consideration must be lawful.
    Marilyn saw an article in the newspaper that had details about Bernard selling his house for $ 50,000. Marilyn contacted Bernard and expressed that she would like to inspect and purchase the house for $45,000. Bernard told in response that he would not sell the house at any...
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