8-10 Multiple choice

8 Eakins was 17 years old, married and had a full-time job with which he was able to support himself, his wife and their 2 small children. A doctor sued him to recover the cost of medical care and surgery provided to him. Eakins did not have medical insurance. In this situation, the Court would a Declare the contract invalid since Eakins is a minor and protected as the result of that status. b. Declare the contract voidable at the option of Eakins and let him decide whether he wanted to pay the doctor or not under some moral obligation Declare the contract valid because Eakins circumstances made him emancipated and thus his minority status no longer protected him as the law does when it comes to contracts entered into by a minor. Thus, he would have to pay the doctor for the services rendered. d Eakins is a minor despite his circumstances because he is not financially/economically independent and since what was provided - medical care is a necessary of life, this is an exception to the rule that minors are protected from contract liability and he would have to pay the reasonable value for the medical care provided to him c 9. On April 1. A1 Nextbestplayetinbaseball sends a letter to the New York Yankees offering to play for them for $500,000.00 per season for the first 3 seasons. The offer states that the team has to accept the offer by April 11 It does not specify any particular made or method of accepting. The Yankees receive the offer by regular mail on April 4. On April 10, the Yankees send Al an acceptance by U.S. mail. Al receives the acceptance on April 156. The likely result under the mailbox rule is: Although Al received the acceptance 4 days past the deadline for acceptance, a valid contract has been formed because the Yankees dispatched their acceptance by sending it by U.S. mail on April 10% and under the mailbox rule, such an acceptance is effective when placed into the control of the U.S. Postal system. b. Although Al received the acceptance 4 days past the deadline for acceptance, a valid contract has not been formed because the Yankees dispatched their acceptance after the stated time period within which the acceptance was required a. to be sent. C. The acceptance is late because it was received by Al past the deadline and under the mailbox rule this would invalidate the acceptance so no valid contract can be considered formed. The acceptance should have been sent by a faster method of communication to be effective under the mailbox rule, thus no valid contract can be considered formed. d 10. What is the best definition of a contract? a A voluntary agreement by two or more parties that to perform or refrain from performing some act in the now or in the future which is enforceable in a court of law in the event one of the parties does not comply with a provision of the contract. b. An agreement by only two parties that may or may not be enforceable in a court of law. An agreement by only two parties that may be enforceable in court d. An understanding between two or more parties that they may have an agreement