Upon his discharge from the air force

Assignment Help Operation Management

Reference no: EM132118439

1. Upon his discharge from the Air Force, Sheldon decided to attend college. Because of the expense of housing, Sheldon decided to accept his cousin’s offer to live with him while in school. When he graduated, Sheldon made a promise to pay his cousin $475.00 a week for all the time he had lived there. Later, due to financial troubles, Sheldon refused to pay his cousin. Sheldon’s promise to his cousin:

Is enforceable because prior consideration is a valid form of consideration.

Is enforceable because of the preexisting obligation rules

Is not enforceable because his promise to pay $475.00 a week came after the bargain and past consideration is not valid.

Is not enforceable because $475.00 is probably not equal to the amount he really should pay his cousin; a fair rental amount would be 600.00/month.

Is enforceable because of quasi contract

2. At the start of the academic year, Professor Debit announced to his class that he would pay the cost of a graduate review class (such as Kaplan) for the student who received the highest grade in the Professor’s class. This offer was written and posted on Blackboard. Amanda Dogood, a student in the class, told the professor she intended to win the prize

Amanda’s conversation with the Professor has no legal affect since his statement is not a valid offer.

The Professor’s statement is unconscionable and void.

None of the above.

The Professor’s statement is a unilateral offer and can only be accepted by performance so it can’t be accepted till the end of the semester.

Amanda’s conversation with the Professor is an acceptance to his offer.

Reference no: EM132118439

Questions Cloud

Describe the evaluation describing business structure : Identify and describe the legal categories of a business organization contrasting tax-related advantages and disadvantages.

True of enhancing organizational performance : Which of the following statements is true of enhancing organizational performance?

What happens to the level and growth rate of per capita gdp : An earthquake: Consider a Solow economy that begins in steady state. Then a strong earthquake destroys half the capital stock.

What is the net present value of ford motors : If the issuance costs for external finances are $ 20 ?million, what is the net present value? (NPV) of the? project?

Upon his discharge from the air force : Upon his discharge from the Air Force, Sheldon decided to attend college. Because of the expense of housing,

Discuss effect of technology transfer on economic growth : Technology transfer in the Solow model: One explanation for China's rapid economic growth during the past several decades is its expansion of policies.

Behavioral equations of households : In a closed economy, the behavioral equations of households, firms and government are given below:

Draw a graph showing how output evolves over time : A decrease in the investment rate: Suppose a country enacts a tax policy that discourages investment, and the policy reduces the investment rate immediately.

The court most likely to enforce in this case : Which of the following remedies is the court most likely to enforce in this case?

User Account

All Pages