Question: Please respond to the below questions based on Chapter 12 (Formation of Contracts: Offer and Acceptance), Chapter 14 (Consideration), Chapter 15 (Legality and Public Policy)
Please respond to the below questions based on Chapter 12 (Formation of Contracts: Offer and Acceptance), Chapter 14 (Consideration), Chapter 15 (Legality and Public Policy) and our class discussions so far. Use full sentences and be sure to state the principles of contract law that apply to the facts in the questions.
- Baker sent Nelson a written offer to buy Nelson's home for $150,000 due at the time of the closing and a $25,000 deposit due within 7 days of their agreement. After receiving the offer, Nelson crossed out the amount of $25,000 for the deposit and wrote $30,000. He then signed the document and mailed it back to Baker. Baker, however, never provided the deposit and told Nelson he was no longer interested in buying Nelson's home. If Nelson sues Baker for breach of contract, what is the likely result? Why?
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