Laney purchased a new lawn mower yesterday for $350 from the local home improvement warehouse . When she arrived home and attempted to use the new mower, it would not start. Exasperated , Laney yelled "I'd sell this stupid mower for $50." Laney's next-door neighbor Jacobi overheard her (Laney was not aware that Jacobi was home at the time). Jacobi quickly replied , "I'll take it!" and immediately brought her $50 . Question :

Using IRAC format in well-formed sentences , analyze the validity of the above scenario . Include elements of a valid offer in your response . Organize your paragraphs using the following headings: Issue : What is the question you are answering ? Rule: List the elements of the area of law you are discussing . Analyze : Plug the facts into each element and analyze. Conclusion : Answer your issue question , based on your analysis .

Answer rating: 100% (QA)

ANSWER IssueThe question is whether Laneys statement constitutes a valid offer and whether Jacobis response forms a binding contract RuleAn offer is a ... View the full answer