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Contract Law: Offer, Acceptance, and Consideration � Case Analysis Assignment

Case study focusing on key elements of contract formation and enforcement.

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    Contract Law: Offer, Acceptance, and Consideration – Case Analysis Assignment 1. Question : Katrina is complaining to her landlord about the six - inch long cockroaches in her apartment. The landlord scoffs, saying: “Cockroaches don’t get that big! I'll pay $10,000 to anyone who can show me a six - inch cockroach.” Will, a bug collector, overhears and promptly presents the landlord with his prize six - inch South American cockroach. The landlord refuses to pay, and Will sues. Which of the following best describes the situation? Student Answer: There is no contract because the landlord never intended to make an offer. There is no contract; a reasonable person wouldn’t believe the landlord intended to pay. There is no contract because Will did not have the power of acceptance. There is definitely a contract. Instructor Explanation: The answer can be found in Section 4.2 The Offer of the text. Points Received: 1 of 1 Comments: 2. Question : Merlin posts his car for sale. Breanna calls and leaves a voicemail, saying, “Hey, I definitely want to buy your car! I’ll pick it up tomorrow, okay?” Which of the following best describes the situation? Student Answer: There is a contract, because Breanna has accepted the offer. There is no contract, because Breanna did not use a proper form of acceptance. There is no contract, because Breanna made a counteroffer. There is no contract, because Merlin never made an offer. Instructor Explanation: The answer can be found in Section 4.2 The Offer of the text. Points Received: 1 of 1 Comments: 3. Question : Delta Inc. offers to sell Omega Corp. a packaging machine. Omega responds “We’ll take it but only if there is a six - month warranty.” Which of the following is true? Student Answer: There is a contract, and Omega has a six - month warranty. There is a contract, but Omega does not have a six - month warranty. There is a contract unless the warranty term is a material change.

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