Reference no: EM131124179

This is for Business Law!

1. To promote the new minor league hockey team coming to town, the owners of the team, H.K. Enterprises, announces a contest to name and create a mascot for the team, offering the winner a prize of $10,000 and season tickets for life. Before a winner is announced, the owners decide the prize money is more than they can afford. Discuss whether they can change the prize before the contest is over by defining bilateral and unilateral contract, applying the correct type to the facts, and reaching a conclusion?

2. Jose and Maria were renting their home and asked their landlord, Martin if he would consider selling it to them. Martin encouraged them to apply for financing and even referred them to a mortgage broker. However, when they applied, they were told they needed to improve their credit score to qualify for a mortgage. To help establish credit, Jose and Maria took out a loan to add a garage onto the house, so Jose could do car repairs at home to earn extra money. When Maria lost her job, they missed their rent payment to Martin who promptly sued to evict them. Do Maria and Jose have a successful argument for a quasi-contract to recover the amount they spent to build the garage? Discuss whether Martin will be unjustly enriched?