Ch 5 Cases for Discussion (1)

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Jan 9, 2024

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Cases for Discussion Case #1 Oyak owned three building units (A, B and C) in a commercial development. As a result of some financial difficulties, he e-mails to Asya as follows "I will sell you one of my units for $150,000. Asya immediately e-mails back “I accept your offer". (a) Was Oyak’s e-mail an offer? Why or why not? ANS: The offer is a clear expression of the intention to enter into a contract and contains all the material terms of the contract. In this case, Oyak has clearly expressed his intention to sell one of his own units (his one unit, to be precise) to Asya for his $150,000. Execution of a contract generally requires offer, acceptance, consideration, legal capacity and mutual consent. This indicates your clear and unambiguous acceptance of the terms. (b) Is an e-mail exchange such as this one valid in forming a contract? ANS: Communication between the parties was clear and unambiguous and met the requirements of mutual consent. ), this exchange of emails results in a valid contract between Oyak and Asya to sell the building unit for his US$150,000. Case #2 A friend buys you a cup of coffee at Tim Horton’s during “Roll Up the Rim” time. You roll up the rim and win the grand prize. (a) Is the prize yours to keep?
ANS: As the winner, you are entitled to the benefits and ownership of the prize. (b) Do you and your friend have to share the prize? ANS: The act of your friend buying you a cup of coffee during the ‘‘Roll Up the Rim‘‘ time does not create any legal obligation or entitlement for your friend to share in the prize. The purchase of the coffee can be considered a gift or a gesture of goodwill, but it does not give your friend any claim or right to the prize you won. Since your friend did not win the prize, they do not have any legal right to claim or keep it. (c) Is the prize your friend’s to keep? ANS: Your friend's purchase of the coffee does not grant them any ownership or entitlement to the prize. Case #3 Monica invited Navjot to the college New Year dinner and dance. Navjot accepted the invitation and agreed to accompany Monica who purchased the tickets and arranged a limo. Two days before the dance, Navjot tells Monica that he is no longer interested in going to the dance with her. (a) What contract formation issue could determine whether a contract has been formed? ANS: Navjot`s agreement to accompany Monica can also be seen as consideration since he agreed to go to the dance with her. Whether there was valid consideration exchanged between the parties would be a crucial factor in determining if a contract has been formed.
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