Exam 7: Contracts.

Jack is an accountant who works for the firm of Readum & Weep.Jack was approached by Ima Phool,who represents one of Readum's competitors,Numbers R Us.Jack was offered a substantial raise to leave his company and work for Numbers.When Jack's boss heard this he called him in and said,"If you agree to stay with us for at least five years,I promise that next year you will receive a promotion with a 50% raise,and a 5-year contract." Jack turned down the offer and stayed with Readum.Nine months later Jack was dismissed due to corporate downsizing.Can Jack legally enforce his boss's promise? What theory or theories would Jack use? Discuss fully.

S calls B and says,"I will sell my 1966 Mustang convertible to you for $3,000." B knows that the car is worth $4,000.B replies,"Would that include the trunk-mounted spare tire?" S hangs up without a word.B calls back in three days and says,"I'll buy the car for $3,000." Is there a contract? Discuss fully.

Generally,an offeror may not revoke an offer before the offeree has had a reasonable time in which to consider it.

According to the text,most advertisements are treated as offers,rather than as invitations to negotiate.

Alice typically mows her own lawn whereas her neighbor pays to have her yard mown by ABC Law Service.Alice notices one day that an apparently new employee of ABC is mowing Alice's yard by mistake.She says nothing.When the employee asks for payment,Alice refuses on the basis that the yard mowing was a mistake and that she has no contract with ABC.Which of the following is true regarding whether ABC could recover against Alice?

Which of the following are damages that give the plaintiff the benefit of its bargain,putting the plaintiff in the case position it would have been in if the contract had been fulfilled?