Dave offered and Steve agreed verbally to pay $15,000 for Steven's rare collection of coins. Before the
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Dave offered and Steve agreed verbally to pay $15,000 for Steven's rare collection of coins. Before the matter can proceed any further Steve is involved in a serious car accident that results in him entering a coma. It is uncertain whether Steve will regain consciousness. Worried about Steve but still eager to purchase the coin collection, Dave consults you to ascertain what essential elements required to give rise to a valid contract are present in this situation.
Advise Dave on this point and explain what facts may prevent the existence of a valid contract.
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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