Q1) Research and summarize 2-3 types of Contracts that were valid as a matter of Public Policy in the late 1800s early 1900s but would not be accepted today because of our changes in our society
Q2) Browne offered to sell Houlihan his recent TV for 6400.00 Houlihan sent Browne an E mail message accepting the offer but asked if she could pay Browne in four equally monthly installments of $1600.00. Browne did not acknowledge Houlihan’s e mail and instead sold the television set to Drew for $6200.00. Houlihan then purchased a new set for $7400 and sued Browne for $1000 the difference in price. Did Houlihan and Browne have a valid contract, and will Houlihan be able to recover $1000 from Browne
Q3) Sarah’s house caught on fire. Through the prompt assistance of her neighbor, Odessa, the fire was quickly put out. Sarah in gratitude offers to pay Odessa $1000.00 Can Odessa enforce this promise?
Q4) Jack agrees to stop smoking for ten years if Bill will pay him 10,000.00 In the ninth year Bill cancels the Contract
- Has the Contract been canceled properly?
- If so does Jack have an action under the Doctrine of Promissory Estoppel? What is Promissory estoppel?
Q5) Name Two Types of status incapacity with an example of each
BUSINESS LAW
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