perform a Contracts Law legal-type analysis using the IRAC framework

IssueWhether the parties involved formed and enforceable contract

RuleState the Rule(s) of law could apply to the cartoon images

ApplicationApply the rule(s) of law to the particular facts and circumstances of each cartoon image

ConclusionWhat Conclusion(s) should be drawn from your analysis of the cartoon images?

These exercises are about offer and acceptance, so the Issue in each is whether the parties involved formed an Enforceable Contract:

Scenario # 1 - Harry drops by Macks house and finds him working on his old pickup truck in the driveway. Mack kicks the truck and exclaims to Harry, This piece of junk isnt worth a tank of gas you can have it. Harry says thanks and the next day comes by with his SUV to tow away the pickup. Mack stops him and says the truck is working now. Harry goes to court and claims that the truck Mack promised him was worth $500 and Mack should pay him that amount. How should the judge rule? For Mack or Harry? Use the IRAC analytical framework to support your response.

Scenario # 2 -

Mike puts an ad in the newspaper stating that he wants to sell his truck for $500. James goes to Mikes home and tells him that he is interested in buying the truck. After looking at it, James hands Mike $500 in cash, which Mike puts in his pocket. Just then, Steve drives up and tells Mike that hell give him $600 for the truck. Mike hands James back his $500 and sells the truck to Steve. James sues Mike in court for breach of contract. How should the judge rule? For Mike or James? Use the IRAC analytical framework to support your response.