Joe and Dave are best friends and feel like they are actually brothers. Dave has just been accepted into medical school but is worried about how he will give Dave $500 per month to help with his expenses.

Halfway through the school year, Joe decides that he would like to start saving for a new car and he tells Dave that he will no longer provide him with $500 per month.Dave feels like Joe has breached a contract and is considering suing for breach.

If you conclude that a valid contract did not exist, what could Dave have done to ensure that the promise from Joe became legally binding? If you conclude that a valid contract did exist, what should Dave do next?

Answer rating: 100% (QA)

To determine whether a valid contract exists between Joe and Dave we need to consider the essential elements of a contract These elements generally in... View the full answer