Isadora, an 18-year-old coin collector, walks into Corbin's Collectibles Store Isadora identifies what she believes to be a coin that she is missing from her collection and asks Corbin how much he wants for, as Isadora put it, "that one-of-a-kind, rare coin." Corbin knows that the coin is actually a very nice, but far from unique, reproduction worth about 90 dollars. Seeking to capitalize on Isadora's misunderstanding, Corbin offers to sell the coin to Isadora for $400. Isadora happily buys the coin for $400. Has a legally enforceable agreement been made? O No. Mutuality is not present. O No. Due to a lack of consideration, no legally enforceable agreement has been made. O No. The price paid was well below quantum meruit. O Yes. All elements of OACMCL are met. O Yes. There has been an offer and an acceptance.

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Isadora, an 18-year-old coin collector, walks into Corbin's Collectibles Store. Isadora identifies what she believes to be a coin that she is missing from her collection and asks Corbin how much he wants for, as Isadora put it, "that one-of-a-kind, rare coin." Corbin knows that the coin is actually a very nice, but far from unique, reproduction worth about 90 dollars. Seeking to capitalize on Isadora's misunderstanding, Corbin offers to sell the coin to Isadora for $400. Isadora happily buys the coin for $400. Has a legally enforceable agreement been made?

- ○ No. Mutuality is not present.
- ○ No. Due to a lack of consideration, no legally enforceable agreement has been made.
- ○ No. The price paid was well below quantum meruit.
- ○ Yes. All elements of OACMCL are met.
- ○ Yes. There has been an offer and an acceptance.
Transcribed Image Text:Isadora, an 18-year-old coin collector, walks into Corbin's Collectibles Store. Isadora identifies what she believes to be a coin that she is missing from her collection and asks Corbin how much he wants for, as Isadora put it, "that one-of-a-kind, rare coin." Corbin knows that the coin is actually a very nice, but far from unique, reproduction worth about 90 dollars. Seeking to capitalize on Isadora's misunderstanding, Corbin offers to sell the coin to Isadora for $400. Isadora happily buys the coin for $400. Has a legally enforceable agreement been made? - ○ No. Mutuality is not present. - ○ No. Due to a lack of consideration, no legally enforceable agreement has been made. - ○ No. The price paid was well below quantum meruit. - ○ Yes. All elements of OACMCL are met. - ○ Yes. There has been an offer and an acceptance.
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