Question: John owns a small store. One day Eric, a local insurance agent comes into John's store and says, This is a nice store, itd be

John owns a small store. One day Eric, a local insurance agent comes into John's store and says, This is a nice store, itd be a shame if it burnt down. You should buy Fire Insurance from me at $300 a month fee. John agrees on the spot but then decides that he doesnt want to pay for the coverage. If Eric sues John for breach of contract, does John have a good excuse?

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