CAN YOU HELP ME??? Imagine that I went to Best Buy on February 27th, and was loo

Question

CAN YOU HELP ME???

Imagine that I went to Best Buy on February 27th, and was looking at their 50 inch 3D Sony television. They had the sale ending on February 28, and I really wanted the television, but because it cost $1, 900, 1 knew I should talk with my wife first. She was in San Diego, California for her sister's daughters wedding. I asked the sales person if he would hold the television for me at the $1, 900 price until March 3^rd, even though the sale ended on $1, 900. I told the sales person that if my wife approved of the television, I would be back in by March 3^rd to buy it, but if she didn't approve of it, I would not be able to buy it. The sales person printed out the information on the television, so I could show it to my wife, and wrote on it that the price was good until March 3rd, and put his name on it, so if 1 came back he would get credit for the sale. I came back to Best Buy on March 2, and imagine that the manager would not sell me the television for $1, 900, because the current price was $3000. Since I did not provide any consideration for this offer, 1 can not get it for $1, 900, and have no legal rights to the $ 1, 100 for damages. On Feb. 27, when I informed the sales person that 1 might buy the television, this was an acceptance, and we have a legally enforceable contract, so they are responsible for my $1, 100 in damages. Since there was no consideration, it is not an option contract, so there is no contract Since this is a firm offer, Best Buy is liable for my $1, 100 damages. a and c

Explanation / Answer

Answers are a) and c).

A contract is legally enforceable by a promise when a consideration is made by a receiving party to the promising party in the form of amount or any other thing of considerable value. Hence, if a consideration is not involved, the contract is not legally enforceable even though there is a promise made by the promising party/seller.

Any contract requires Consideration to make it as a legally enforceable contract. In this case, though the seller has agreed to sell the Television on March 3rd at the price of 1900$ and has printed the same information on the Television with his name under it, it is not enforceable as the buyer didn't put any consideration with respect to amount or any other thing. This way the buyer has nothing to lose against the broken promise by the seller. Hence, the price change is not a loss to the buyer and hence he doesn't have the legal rights to $1100 for damages.

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