Asked by
Arielle Miller
on Nov 10, 2024Verified
Jon was developing a computer program for use by owners of track clubs to aid them in keeping records of the members, their runs, times, injuries, etc. Eager to finish the program, Jon, in Edmonton, called his friend Sam, in Calgary, and offered him $4000 to help: five hours working per day, for five days week, for five weeks. Sam said that he would have to think about it. Jon told Sam that he was eager to get going, but that he would hold the offer open until Friday, February 6, at noon. Which of the following is true? (Read each separately.)
A) If Sam accepts by phone within the time specified in the offer, the place of contract would be Calgary.
B) If Jon goes ahead and hires Betsy from Edmonton at noon on February 3, it would be too late for Sam to accept.
C) If Jon revokes his offer before Friday noon, Sam could sue him for breach of contract because he promised to hold it open.
D) If the court held that acceptance by mail was reasonable in the circumstances, if Sam accepts by mail the place of contract is Edmonton.
E) If Sam wants to ensure the promise to keep the offer open until noon, February 6, he should give Jon some consideration (that is, allow him to purchase an option) .
Breach of Contract
A violation of any of the agreed terms and conditions of a contract, which can give rise to legal action for damages.
Consideration
Something of value promised to another when making a contract.
Edmonton
The capital city of Alberta, Canada, known for its cultural, governmental, and educational institutions.
- Assess the impact of counter-suggestions, questions, revocations, and affirmations on the validity of an offer.
- Evaluate the necessity of capacity, consideration, and intention in contract development.
Verified Answer
ER
Learning Objectives
- Assess the impact of counter-suggestions, questions, revocations, and affirmations on the validity of an offer.
- Evaluate the necessity of capacity, consideration, and intention in contract development.