Smith and Roberson’s Business Law
Smith and Roberson’s Business Law
17th Edition
ISBN: 9781337094757
Author: Richard A. Mann, Barry S. Roberts
Publisher: Cengage Learning
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Chapter 10, Problem 16CP
Summary Introduction

Given situation:

Person L offered to buy person Z’s farm while having drinks in a restaurant. Person Z views that this offer was made in jest and agreed to sell the property. Person Z then signed the letter and urged his wife person I to do the same. However, she says that she only signed after person Z told her this was just a joke.

To discuss: Whether this contract is a valid contract and the judgements for person L.

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