Question: In this Chapter, you will discover that the first requirement for an effective offer is a serious intent on the part of the offeror. Serious
In this Chapter, you will discover that the first requirement for an effective offer is a serious intent on the part of the offeror. Serious intent is not determined by the the subjective intention or beliefs, but rather what a resonable person in the offeree's position would conclude.
After reading the case of Lucy Zehmer located in your text book Classic Case highlight the facts, law and holding of the court and provide a response thread to the following question:
Suppose that the day after Lucy signed the purchase agreement, he decided that he did not want the farm after all, and Zehmer sued Lucy to perform the contract. Would this change in the facts alter the court's decision that Lucy and Zehmer had created an enforceable contract? Why or Why not?
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
