13. Alex promises to pay $100 to anyone who finds his lost watch. Kate finds and

Question

13. Alex promises to pay $100 to anyone who finds his lost watch. Kate finds and returns the watch to Alex after hearing of the reward money. Alex and Kate have an enforceable unilateral contract. 14. Fred enters into an oral contract with Barmey to buy Bamey's car for $1,000. The next day, Fred pays Barney the $1,000 and Barney gives Fred the keys and title to the car. Later that day Fred discovers that he could have purchased the same car from Betty for less money. Fred may call Barney and demand his money back because the $1,000 oral contract violates the statute of frauds and is unenforceable 15. Scienter is a necessary requirement for duress but not undue influence. 16. Rudolph overhears his daughter Macy's plans to go skydiving over spring break. Rudolph rushes out and buys an insurance poloy for $100,000 on Mac'slife. Macy dies when her parachute does not open. Rudolph can collect the $100,000. . Courts normally require an exchange of adequate/equal valued consideration

Explanation / Answer

Answer

13-True,

this would result in an enforceable unilateral contract.

14. False

because oral contracts are also sometimes enforceable

15.False

Frauds, mistake, duress, undue influence are though similar to fraud but do not require proof of scienter.

16.True

17 False

Courts do not normally require adequate consideration. Hence given statement is false.

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