Scribd Logo
Upload

Welcome to Scribd!

  • 17 views

    Contract Assignment Ch. 11-16

    Uploaded by

    Dave Juma

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Contract Assignment Ch. 11-16

    Uploaded by

    Dave Juma
    17 views2 pages

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    17 views2 pages

    Contract Assignment Ch. 11-16

    Uploaded by

    Dave Juma

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Contracts

    Ch. 11-16
    Instructions: Please answer the following questions. Your responses will be graded based upon accuracy; professionalism (grammar,
    spelling); and thoroughness of explanation. When complete, please make sure your name is on your assignment, save as a Microsoft
    Word file, and submit it in your assignment folder. Feel free to submit this assignment prior to its due date.

    1. I ask you to tie my shoe. You agree to tie my shoe, however, prior to you tying
    my shoe you change your mind and refuse to tie my shoe. Using the elements of
    the contract, determine if this is a valid contract.

    2. Bill agrees to sell James some cocaine for $100. James pays Bill $100 but Bill
    does not deliver the cocaine. Is this a valid contract, a voidable contract or a void
    contract? Explain your answer.

    3. Marissa rent an apartment from Cabana Bay in January. The lease was for a year.
    In June, Marissa received a job offer in another state. She did not want to break
    her lease, therefore she sub-leased or assigned her lease to Olivia. Marissa did not
    get permission from Cabana Bay. Olivia moves in and pays rent from June to
    October. Cabana Bay sues Marissa for the two months of rent. Marissa believes
    she is not liable for the rent because she assigned her lease to Olivia. Using
    IRAC, determine whether Marissa correct.

    4. Sarah’s house caught on fire. Through the prompt assistance of her neighbor
    Odessa, the fire was quickly extinguished. In gratitude, Sarah promised to pay
    Odessa, $1000. Using IRAC determine whether Odessa enforce this promise?

    5. William E. Story agreed to pay his nephew, William E. Story II, $50,000 if he
    refrains from drinking liquor, using tobacco, swearing, and playing cards or
    billiards for money until he should come to be 21 years of age. William E. Story
    II refrained from all the things his uncle listed until he was 21 years of age.
    Shortly after his 21st birthday, William E. Story died. His executor refused to pay
    the money. He believed that there was no contract because there was no
    consideration. Using IRAC, how would you decide this case?

    6. I was watching a telethon on the TV late on evening. I was so moved by the


    telethon; I called and pledged $10,000. In the morning when I informed my
    husband what I pledged, he was not pleased. I did not fulfill my responsibility.
    Using IRAC and determine if the telethon sued me for my pledge what would be
    the outcome?

    7. John Smith is 16 years old; his parents purchase a red Volkswagen bug for his
    birthday. He does not like the car because he wanted a red Porche. The parents
    take the car back to the dealership. The parents tell the dealership this contract is
    void because our son lacked capacity to enter into this contract. Are the parents
    right? Use IRAC format.

    8. List the contracts that must be in writing according to the statutes of frauds.

    9. Farmer John entered into a contract with Farmer Bill to purchase Farmer John’s
    cow Bessie. They both thought Bessie was barren so they agreed on a price
    below market value. The day before Farmer Bill picked up Bessie, it was
    determined that Bessie was pregnant. Using IRAC determine if Farmer John void
    the contract under mutual mistake.

    10. Claudia and Jose contracted with Mercedes Homes to build a three story home on
    Lake Emma. Mercedes began to build the home and discovered that it would
    cost them more than they anticipated to build this home on the lake. Mercedes
    refused to continue to build the home unless Claudia and Jose agree to pay
    $10,000 more. The couple want the house completed so they agree to pay the
    additional money. Once the house is completed, they refuse to pay Mercedes
    Homes and Mercedes sues the couple for breach of contract.

    You might also like