question 18

maining Time: 2 hours, 01 minute, 27 seconds. paraphrasiat estion Completion Status: Pathep Words: 0 QUESTION 18 Evelyn owns 323 shares of Oatchip Brandy, Inc., which are worth $2.56 each. She texts an offer to sell them to Joachim for $4, telling him he has 15 days to consider her offer. Joachim immediately rejects her offer in a return text. Six days later, shares of Oatchip Brandy, Inc. soar to $500 each. Joachim immediately texts Evelyn, reminding her that he is within the 15 day window to accept her offer. He tells her that he accepts her offer and that he has deposited the $1,292 into Evelyn's account. Evelyn immediately rejects the deposit and has it returned it to Joachim without comment Can Joachim successfully sue Evelyn for breach of contract? Why or why not? 01. No. When Joachim rejected Evelyn's offer, the offer was terminated. 2. Yes. Since the 15 day window is still open, Joachim has the opportunity to reconsider the offer and accept it. No. Now that the shares are worth $500, Joachim would now have to pay Evelyn $161,500 (323 shares at $500 each), not just $700. Yes. Since the 15 day window is still open, Evelyn is required to give Joachim notice whether she is accepting his reconsideration. She breached her duty when she failed to do that. 3 QUESTION 19 10 points Oscar runs into his old friend Felix at a party. Felix's marriage has broken up, and Felix needs a place to live. Oscar happens to own an empty duplex apartment, and he agrees to allow Felix to live there for the next 18 months for $1200 a month. Because they're old pals, they don't put their agreement in writing. 1. Using the four elements of a contract - agreement (which consists of offer and acceptance), consideration, capacity, and legality - show why a contract is or is not present in this fact situation. 2. If there is a contract, is the contract enforceable. Why or why not. Click Save and Submit to save and submit. Click Save All Answers to save alla Save AV Awers Save