Cogan was a long-standing season ticket holder to Toronto Blue Jay baseball games and had made it a practice of allowing his friends and business associates—Sherman and Fingold—to purchase some of those tickets. It was agreed that Cogan would provide them with a total of six tickets per season. After 10 years, Cogan decided to discontinue this practice, since he no longer had any social or business dealings with these individuals and his children had expressed the wish to have additional baseball tickets. Do Cogan and his friends have a contractual relationship? Which of the four requirements for a contract is in doubt?
This scenario is based on Fobasco Ltd. v. Cogan (1990), 72 O.R. (2d) 254 (H.C.J.) and provides a serviceable version of the relevant facts.