1. Torrence is driving his new 2021 Camero after graduating from JSU around the historic district...

 

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1. Torrence is driving his new 2021 Camero after graduating from JSU around the historic district near the university when he loses control of his car. The car rides up onto the sidewalk in front of Mrs. Reynold's lawn where her prize garden is growing. Torrence narrowly misses the garden and does no other damage to Mrs. Reynolds property. Nonetheless, when Mrs. Reynolds sees ow close to her garden Torrence came to being ruined, she threatened to sue Torrence. Torrence became afraid and offered Mrs. Reynolds $1,000 if Mrs. Reynolds would please not sue him since he was just graduating and wanted to begin his life free of legal troubles. Reynolds, who knows that Torrence hasn't done anything to her and that she has no claim against him, agrees. If Torrence fails to pay Mrs. Reynolds the $1,000 and Mrs. Reynolds sues him for it, she will probably: • Win because Torrence made the promise to keep himself out of trouble • Win, because Mrs. Reynolds agreed not to sue in exchange for the promise of $1,000 • Lose, because Mrs. Reynolds did not have a legal right to sue so she did not give up anything in exchange for the promise to pay $1,000 • Lose, because nothing happened to her garden Select a choice above and explain your answer using the definition of forbearance. 2. Rick Auto Sales has a new Camero on his lot for $10,000. Torrence, a recent graduate from JSU, is in the market to purchase a new car with the monies he has been saving since college began. The offer for the Camero is firm. Torrence has only $8,000. Torrence gave Rick $100 to hold the Camero for him until he had a chance to talk to his family and come up with the additional funds. Rick accepts the $1,000 and promises to hold the sale open for two weeks. One week later Rick tells Torrence that the car is no longer for sale. Nonetheless, one day before the two weeks concludes, Torrence brings the remainder of the monies and accepts Ricks offer for $10,000. When Rick refuses to sell the car, Torrence sues him. Torrence will probably: sell the car, Torrence sues him. Torrence will probably: • Win, because Torrence accepted the offer before the two weeks expired. • Win, because Rick had to keep the offer open for two weeks • Lose, because only a small amount was given for the promise to hold the offer open until April 15th • Lose, because Rick withdrew the offer 3. Veronica is the owner of a consignment boutique specializing in the resale of high-end handbags. Her customer Teresa, has been looking for a Telfar Clemons handbag with no success. Teresa tells Veronica, "You know what I am looking for. If you find a Telfar - get it!" Veronica locates the handbag and makes the purchase. Under these circumstances has an acceptance been made by Tisha? If so, identify at what point an acceptance was made. 4. John goes over to Ty's house to visit him one day. When John enters the house, he sees Ty on the floor gasping for breath. John immediately rushes Ty to the hospital afraid that Ty was having a heart attack. He was. After a few months, Ty is completely recovered. Ty tells John, in appreciation for saving his life, John is going to give Ty $10,000. If Ty does not pay and John sues to enforce the offer, John will probably: • Lose, because the promise was a gift. • Lose, because the general ruie is that promises based on past consideration are unenforceable. • Win, because Ty did not set a limit on when he would pay the money. Win, because Ty received a benefit from John which gave rise to the promise. 1. Torrence is driving his new 2021 Camero after graduating from JSU around the historic district near the university when he loses control of his car. The car rides up onto the sidewalk in front of Mrs. Reynold's lawn where her prize garden is growing. Torrence narrowly misses the garden and does no other damage to Mrs. Reynolds property. Nonetheless, when Mrs. Reynolds sees ow close to her garden Torrence came to being ruined, she threatened to sue Torrence. Torrence became afraid and offered Mrs. Reynolds $1,000 if Mrs. Reynolds would please not sue him since he was just graduating and wanted to begin his life free of legal troubles. Reynolds, who knows that Torrence hasn't done anything to her and that she has no claim against him, agrees. If Torrence fails to pay Mrs. Reynolds the $1,000 and Mrs. Reynolds sues him for it, she will probably: • Win because Torrence made the promise to keep himself out of trouble • Win, because Mrs. Reynolds agreed not to sue in exchange for the promise of $1,000 • Lose, because Mrs. Reynolds did not have a legal right to sue so she did not give up anything in exchange for the promise to pay $1,000 • Lose, because nothing happened to her garden Select a choice above and explain your answer using the definition of forbearance. 2. Rick Auto Sales has a new Camero on his lot for $10,000. Torrence, a recent graduate from JSU, is in the market to purchase a new car with the monies he has been saving since college began. The offer for the Camero is firm. Torrence has only $8,000. Torrence gave Rick $100 to hold the Camero for him until he had a chance to talk to his family and come up with the additional funds. Rick accepts the $1,000 and promises to hold the sale open for two weeks. One week later Rick tells Torrence that the car is no longer for sale. Nonetheless, one day before the two weeks concludes, Torrence brings the remainder of the monies and accepts Ricks offer for $10,000. When Rick refuses to sell the car, Torrence sues him. Torrence will probably: sell the car, Torrence sues him. Torrence will probably: • Win, because Torrence accepted the offer before the two weeks expired. • Win, because Rick had to keep the offer open for two weeks • Lose, because only a small amount was given for the promise to hold the offer open until April 15th • Lose, because Rick withdrew the offer 3. Veronica is the owner of a consignment boutique specializing in the resale of high-end handbags. Her customer Teresa, has been looking for a Telfar Clemons handbag with no success. Teresa tells Veronica, "You know what I am looking for. If you find a Telfar - get it!" Veronica locates the handbag and makes the purchase. Under these circumstances has an acceptance been made by Tisha? If so, identify at what point an acceptance was made. 4. John goes over to Ty's house to visit him one day. When John enters the house, he sees Ty on the floor gasping for breath. John immediately rushes Ty to the hospital afraid that Ty was having a heart attack. He was. After a few months, Ty is completely recovered. Ty tells John, in appreciation for saving his life, John is going to give Ty $10,000. If Ty does not pay and John sues to enforce the offer, John will probably: • Lose, because the promise was a gift. • Lose, because the general ruie is that promises based on past consideration are unenforceable. • Win, because Ty did not set a limit on when he would pay the money. Win, because Ty received a benefit from John which gave rise to the promise.