Because Rita Booke verbally promised to buy Ty Coon's fifth edition of Dostoyevsky's classic novel,War and Peace, for $1,250--which is a reasonable price--Ty Coon then entered into a separatecontract to buy a new computer for $1,000.If Rita Booke fails to pay Ty Coon:(Choose all of the correct answers.)Rita Booke will win because Ty Coon did not provide valid considerationTy Coon could try to use promissory estoppel to make Rita Booke purchase the novelTy Coon would most likely be able to win under promissory estoppelTy Coon would have a problem enforcing the contract because of the Statute of FraudsRita Booke could not enforce the contract because she merely made a promise to purchase the novel

Contracts play a fundamental role in business transactions, establishing legally binding agreements…

Answered: use Rita Booke verbally promised to buy…

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