Instructions

1. Read the provided background information.
2. Articulate a thread in the discussion of 800 words or less answering the provided question(s).
3. Write a reply of 200 words or less to another learner's thread. Think about whether you agree/disagree with their response? Why?

Dave offered and Steve has 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.