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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 AnalysisAssignment1.Question :Katrina is complaining to her landlord about the six-inch longcockroaches in her apartment. The landlord scoffs, saying:“Cockroaches don’t get that big! I'll pay $10,000 to anyone whocan show me a six-inch cockroach.” Will, a bug collector,overhears and promptly presents the landlord with his prize six-inchSouth American cockroach. The landlord refuses to pay, and Willsues. Which of the following best describes the situation?Student Answer:There is no contract because the landlord never intended tomake an offer.There is no contract; a reasonable person wouldn’t believe thelandlord intended to pay.There is no contract because Will did not have the power ofacceptance.There is definitely a contract.InstructorExplanation:The answer can be found in Section 4.2 The Offer of the text.Points Received:1 of 1Comments: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 uptomorrow, okay?” Which of the following best describes thesituation?Student Answer:There is a contract, because Breanna has accepted the offer.There is no contract, because Breanna did not use a proper formof acceptance.There is no contract, because Breanna made a counteroffer.There is no contract, because Merlin never made an offer.InstructorExplanation:The answer can be found in Section 4.2 The Offer of the text.Points Received:1 of 1Comments:3.Question :Delta Inc. offers to sell Omega Corp. a packaging machine. Omegaresponds “We’ll take it but only if there is a six-month warranty.”Which of the following is true?StudentAnswer:There is a contract, and Omega has a six-month warranty.There is a contract, but Omega does not have a six-monthwarranty.There is a contract unless the warranty term is a materialchange.

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