Time traveler claims there is not any contract

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Reference no: EM132229512

1. Which of the following does not constitute a necessary?

food

shelter

education

leisure books

clothing

medical care

2. H.G. Wells wants a machine built so he may travel through time. He receives bids on the project of $2,000, $25,000, $30,000, $35,000, and $40,000. The $2,000 bid was from Time Traveler's Inc., which intended to bid $20,000. The bid however was incorrectly transmitted. H.G. Wells accepts the $2,000 bid and claims there is a contract. Time Traveler's Inc. claims there is not any contract.

Which of the following is correct?

There is a contract because H.G. Wells accepted the $2,000 offer.

There is not a contract because of a mutual mistake.

There is not any contract because of misrepresentation.

There is not a contract because of a unilateral mistake.

There is not a contract because of fraud.

Reference no: EM132229512

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