NO Plaguarism

CIIAPTEn I lFornotlon ol nodltlondl arrd E-Contrdcts @ to, Review What are the lour basrc requirements lor the fort-nalion ol'a vurlicl contrilct? ., \Vhat elements are necessary lor an ellective acceplance? l. What rs the Uniform Electronlc Transactions Act? What are some ol the major provisions of this act? .:

hat is consrderation? \VhaL is a covenant not to compete? When r'r'ill snch 11 covenant be enlbrceable? @ Or.rtions and Gase Problems E,|TI 9-1. Agreement. Ball writes to Sullivan and inquires how much Sullivan is asking lor a specific forty-acre tract of land Suliivan owns. Sullivan replies to Ball with a letter stating, "I will not take less than $60,000 for the forty-acre tracl as specified." Ball immediately sends Sullivan a fax stating, "I accept your offer for $60,000 for the forty-acre tract as specified." Discuss whether Ball can hold Suilivan to a con- tract for sale of the land. 9-2, Online Acceptance. Anne is a reporter for the Daily Business lournal, a print publication consulted by investors and other businesspersons. She olten uses [he Internet to per- form research for the articles that she writes for the publica- tion. While visiting the Web site of Cyberspace Investments Corp., Anne reads a pop-up window that states, "Our business newsletter, E-Comierce Weehly, is available at a one-year subscription rate qf,$! per issue. To subscribe, enter your e-mail address below and click 'SUBSCRIBE.' By subscribing, you agree to the terms of the subscriber's agreement. To read this agreement, click'AGREEMENT.'" Anne enters her e-mail address, but does not click on 'AGREEMENT" to read [he terms. Has Anne entered into an enforceable contract to pay for E-Commerce Weehly? Expialn. Y0,. 9-5. Offer and Acceptanc€. Carrie offered to sel1 a set o[ 1ega1 encyclopedias to Antonio for-$3QO Antonio said thal he would think about her offer and let her know his decision the next day. Norvei, who had overheard the conversation between Carrie and Antonio, said to Carrie, "I accept your offer" and gave her !3_0Q Carrie gave Nowel the books. The next day, Antonio, who had no idea that Carrie had already sold the books to Norvel, told Carrie that he accepted her offer. Has Carrie breached a valid contract with Antonio? Explain. Y05' 9-4. Offer and Acceptance. In 1996, Troy Blackford was gam- bling at Prairie Meadows Casino when he destroyed a slot inachine. After pleadhg guilty to criminal mischief, Blackford was banned lrom the casino. In 1998, Blackford was found ln the casino, escorted out, and charged wlth trespass. In 2006, he gambled at the casino again and won $9,387. When Blackford went to collect his win- nings, casino employees leamed who he was and refused to pe): He sr,tecl [or breach ol contrr]ct, conte ncling t]rat he rncl tl-re casino had an enlorceable contract becaltse he hacl accepteci its oflbr to gamble. The casrno argtted that it had not made an ofier and tn fact had banned Blackford lrom the premrses. The ttial court held tn favor of the casino. The ;rppellate court reversecl ancl ordered a nen' trial. The casino appcelccl to the lowa high cortrt lor revierv. Dicl the casino make a vaLid offer to Blackforcl Lo grrn-Lb1e and thus create an enforceabie contract betn'een them? Erplarn ,vour ans\'er. lBlachford v. Prairk Meadorvs Racetrdch ttnd Casino, 778 N \i2d 1 84 (Sup Ct. tou'a 2010)l :1" ::r Types of Contracts. Kirn Panenka :rskecl to borro*' 54,750 lrom her sister, Kris, so that Kltn coulcl make her mortgage pavment. Kris deposited a check for that amounl rnto Kims bank account. Hours 1ater, Kim asked lo borrou'another Sl.I00. Kris took a cash advance on her credrt carcl and rleposited this att'toltnt into Kims accoLlnt. About a r'veck Iatcr. Kin.r askecl Kris lor $845 40 to pa) il clental bill Kris paicl the bill by credit card. Alter Kris asked lor repat'ment several times and did not receir-e pa)'ment, she hled a suit agaLnst her stster in ;l Wtsconsin state court. At the trial, Kinr achnittecl thrrt s[re had askecl lor the various .tmollnts ancl thrt tl're 1r-rncls hacl not been a gi[t, but she testified that the sisters hard a long hisrorl'o[ paf ing fol things for each other nithout expecting repa,yment. Kris countered that she had ''loaned" Kim these amoltnts. Can the court rn'rirose a contract bet$,een the sistersl Explaln. IPan0rhn ii Pcrnenhrt. 3l I \Iis 2d 731 .7r)5 N.\l2cL +9i (20 I I)l rl-t. Acceptance. ln Auglrst, Kathy 'ight enterecl intrr a rrrit- ten agreement ri'ith a real estale agent. Jenniler Crilou', to sell certain real estate in Ohio. The agreemenl ran until Febrr.rarl- 28. A "protection periocl" pror-ision in the agree- nre nt stirtccl LhrL il'the 1rropcrt) soltl *ittrLn sir nltlnths a[tet' the agreement expirecl to it part)' rvho hacl becn shcrr'l'n the propert)- during the term o[ the agreement, Crilorv u'ould be paid a commission. 1n Janr-rar1.. Crilou ssitchecl agen- cies ancl asked Wright to sign a ne\' coltlract. The;' orall,v rrgreecl r-rt.r the tcmrs. r'vl'rich incluclecl an cspireLion clate of ApriL 3t). Cnlo*'scnt Wright a \'rillcn cr)pv ol the agree- ment. \'n-qht crossed out the protection period provision and srgnecl and returned the cop1.. Crilos filed it u-ithout