1. Is this a contract? 2. Provide an analysis based on your knowledge of contrac

Question

1. Is this a contract?

2. Provide an analysis based on your knowledge of contract formation (which should address all aspects of contract formation and any possible defenses).

(Please answer both questions correctly.)

LOCK YOUR CAR 4300 Alton Road, Miami Beach, Florida 33140 M EDICAL CENTER aToneautomobileRLIABILITY REAlossofkyouacar.- This ticket licenses the holder to park one automobile in this area at holder's risk. Lock your car. The licensor hereby declares it is not responsible for fire, theft, damage to or loss of such auto- mobile or any article left therein. Only a license is granted hereby and no bailment is created.

Explanation / Answer

1. Yes, the acceptance of ticket or buying of this ticket shows that the party who bought it has understood the terms and is a form of contract. It is binding however if the cars are lost because of negligence or not taking due and reasonable care than the person can be held liable.

2. Contract requires offer, acceptance and consideration. The slip or ticket here is offer, one who buys it has accepted that offer by paying an amount it is a contract.

However a contract is always subject to scrutiny by courts of law and in many case it can be disputed in trial depending on the facts and circumstances.

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