Bob needs a chiropractor. He stops in to see Dr. Bigfoot. Bob lets the good doctor know he is short on cash and without insurance. Dr. Bigfoot decides to provide Bob with therapy for this one-time session for $200. Bob agrees to that price and pays Dr. Bigfoot the money "when he is good and able." Discuss the following:

1. Who is the offeror, and who is the offeree?
2. Describe if this a bilateral or unilateral contract?
3. Does this constitute a valid, enforceable contract? Why or why not?
4. Discuss the elements of a valid contract.

Answer rating: 100% (QA)

In this scenario Dr Bigfoot is the offeror and Bob is the offeree The contract appears to be a bilateral contract A bilateral contract is a type of co... View the full answer