Question: When Steven Simkin divorced Laura Blank, they agreed to split their assets equally, without specifically mentioning any stock accounts. They owned an account with Bernard

When Steven Simkin divorced Laura Blank, they agreed to split their assets equally, without specifically mentioning any stock accounts. They owned an account with Bernard L. Madoff Investment Securities estimated to be worth $5.4 million. Simkin kept the account and paid Blank more than $6.5 million, including $2.7 million to offset the amount that they believed were in the account. Two years after the divorce agreement was signed, Simkin learned that the account actually contained no funds due to its manager'ss fraud. What kind of contract did Steven and Laura have? What are the four required elements of a contract, and did Steven and Laura's contract contain all four elements? Once it was discovered that the Madoff account was worthless, who might want to get out of the contract? What would be an argument for a court not to enforce the contract between Steven and Laura
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