A company, RM sponsored a marathon in which the prize money was $ 10,000. Company RM reserved the right to change or modify the terms and conditions at any time. Person M won the race. Company RM offered person M a prize of $ 1,000 instead of $ 10,000. To find: Existence of a contract between company RM and person M.

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QUESTION 1 Which of the following is a FALSE statement? A. The E-Sign Act completely prevents the use of electronic signatures for contracting on the Internet. B. If an employer wants to preserve the at-will employment status of his or her employees, the employer should insert disclaimers in its codes and handbooks that nothing therein can be construed to create an express or implied employment contract. C. A basic principle of the National Labor Relations Act is that employers cannot terminate employees in order to discourage or encourage union membership. D. “Going public” by a company offering to sell shares of stock to the public typically results in access to broader financial markets from which to obtain capital. QUESTION 2 1. The tort of assault and the tort of battery are: A. Two names for the exact same tort. B. Strict liability torts. C. Independent torts which can occur separately from one another. D. Require proof of each of the separate elements of negligence.…

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Chapter 12, Problem 1BS

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Case summary: A company, RM sponsored a marathon in which the prize money was $10,000. Company RM reserved the right to change or modify the terms and conditions at any time. Person M won the race. Company RM offered person M a prize of $1,000 instead of $10,000.

To find: Existence of a contract between company RM and person M.

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