Exam 9: Introduction to Contracts

Discuss the requirements of promissory estoppel.

April put an advertisement in the newspaper advertising the sale of her computer for $500.Simultaneously,six people responded to the ad by mail with formal written acceptances.April is bound on six contracts to sell her computer for $500.

The common law requires that an acceptance be on precisely the same terms as the offer.

Robert,a minor,buys a laptop from Jane for $450.State law allows a minor to disaffirm contracts within a reasonable time after turning 18.Robert disaffirms the contract the day after turning 18 and returns the laptop.This contract was:

When Olga asks Sven if he wishes to sell his Harley motorcycle,he replies that he would not sell it "for less than $2,000." Olga replies,"I accept," and hands him $2,000.A contract exists.