IRAC the following scenarios on one (1) document One IRAC for each scenario - a total of
Question:
IRAC the following scenarios on one (1) document One IRAC for each scenario - a total of three separate IRACs on one
IRAC #1
Jack calls up Jill and says, "Hey Jill I'll buy 40 of those widgets from you for $300?" Jill replies, "You know Jack, the best deal I can give you is $350." Jack replies, "I'll take it!" Discuss.
IRAC #2
Jack is walking his dog down the street and Sara yells out at him, "Hey Jack, I'm going to be out of town this weekend, if you have time on Saturday, I'll pay you $20 if you cut my lawn." Discuss.
IRAC #3
Jack calls up Jill and says, "Hey Jill I'll buy 40 of those widgets from you for $300?" Jill replies, "You know Jack, the best deal I can give you is $350." Jack replies, "I don't have the money right now but I'll give you $20 to keep your offer open for 10 days" Jill replies, "Sure you've got a deal." Discuss.
Expert Answer:
Complete required solution is given below IRAC1 Issue Is there some kind of contract between Jack as well as Jill Rule An offer acceptance including consideration are all needed in a contract Analysis ... View the full answer
