1. Brian a 16-year-old, purchased a pool table with all of the accessories. Three weeks later, Briantried to return the pool table. He told the seller that he had decided to keep all of theaccessories. Can Brian avoid the contract in this way?

A contract is nothing but the legally binding agreement that states and administers the rights,…

Answered: Brian a 16-year-old, purchased a pool…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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PLEASE ANSWER THIS QUESTION ASAP!!!
Caelan tells Ray, "I will sell you my computer for $2,000, and you need to let me know by tonight" Ray does not give Caelan an answer immediately. Caelan goes home and opens the laptop and it does not work. Caelan calls Ray and tells Ray the computer is no longer for sale. Ray may still force Caelan to sell the computer because Caelan made a valid offer. b. not force Caelan to sell the computer because Caelan revoked the offer. c. still force Caelan to sell the computer because it is not Ray's fault that Caelan's laptop no longer works. d. not force Caelan to sell the computer because Caelan rejected the offer. a.
All contracts should be made in writing (True or False) (Justify with example or explanation)
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Lewis owned a second-hand car which he bought for RM35,000.00 in cash before the COVID19 outbreak. Due to a tight budget and to cover his credit card debts from his lavish lifestyle, Lewis decided to sell the car. Jimin expressed interest and offered RM15,000.00, which Lewis accepted. After Jimin paid RM15,000.00, he informed Lewis that he would pick up the car a week later. The following day, Lewis's colleague, Daniel, offered to purchase the car for RM25,000.00, which Lewis immediately accepted. He later contacted Jimin informing him that he had sold the car to Daniel and would return the RM15,000.00 paid by Jimin plus RM1500.00 as compensation. Jimin was enraged, insisting that the car belonged to him already, and he was the one who made the first bid and paid in full. Irritated by Jimin's responses, Lewis replied it was his right as the owner to choose the buyer and that he and Jimin had no legally binding contract. Furthermore, the price offered by Lewis was significantly lower…
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Bob went out with his friends to celebrate his birthday. They went to a bar where they drank copious quantities of alcohol. In the morning, Bob had not slept and was still obviously intoxicated. He found his way to a car dealership near his house and entered into a contract to buy a Mercedes Benz SUV for the cost of $140,000.00. The car salesman could smell alcohol on Bob's breath, he noticed his eyes were bloodshot and "glossy" while they were signing the papers relating to the sale, and when Bob left he could see that he was unsteady on his feet. Bob left the dealership and went home and went to bed. He slept for two days. The car salesman from the dealership called Bob 4 days later to tell him that his vehicle was ready for pick up. Bob had no memory of the buying any car. In these circumstances:A. the contract is void ab initio because Bob lacked capacity to contract due to his intoxicationB. Bob can avoid or repudiate the contract within a reasonable time after he regains capacity…

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Brian a 16-year-old, purchased a pool table with all of the accessories. Three weeks later, Brian tried to return the pool table. He told the seller that he had decided to keep all of the accessories. Can Brian avoid the contract in this way?