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Assume that all other requirements for a valid contract are present and indicate which of the ...

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Assume that all other requirements for a valid contract are present and indicate which of the ...

Assume that all other requirements for a valid contract are present and indicate which of the following would be a binding agreement.

▸ Len offered to sell his $300 snowboard to Chuck for $400. Chuck said no.

▸ Joe offered to pay a florist to put flowers on Marilyn's grave once a week for a whole year for $500. The florist agreed to the terms of the offer but only for 10 weeks.

▸ Nervous that the programmer would not finish the project by the time specified in the contract, the owner of the company promised to give the programmer an extra $400 if he would complete the work according to the contract. The programmer agreed.

▸ John, so grateful that Jim returned a lost computer disk on which John had saved a term project, promised to give Jim $50. Jim stated that he deserved $100.

▸ Mr. Ng promises to give $25 to the Canadian Cancer Society and makes that promise under seal. The association accepts but gives him nothing in return.

Textbook

Legal Fundamentals for Canadian Business

Edition: 4^th

Author: Yates

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