Asked by Kreutzer Alcie on May 07, 2024
Verified
Roger gets bucked off of his $20,000 horse. As he picks himself up off the ground, he yells, "I'll sell this worthless horse for $100!" Carrie hands Roger $100 and tries to take the horse. Roger will not sell her the horse for $100, so Carrie wants to sue him for breach of contract. An attorney would likely advise Carrie that
A) she will easily win the case.
B) no contract was formed because Roger's offer was not serious.
C) no contract was formed because the horse is worth $20,000.
D) a contract was formed, but Carrie will have to pay the horse's true value if she wants to buy it.
Breach of Contract
An act of breaking the terms set out in a contract, which can result in legal consequences for the party that fails to honor its commitments.
True Value
The genuine or actual worth of an item, service, or financial instrument as determined by underlying characteristics and market conditions.
- Identify the legal consequences of violating a contract.
Verified Answer
ZE
Zacharias EgziabherMay 08, 2024
Final Answer :
B
Explanation :
Roger's statement can be interpreted as a venting of frustration rather than a serious offer to sell his horse for $100. For a contract to be valid, there must be a serious offer and acceptance, among other elements. Roger's exaggerated statement, given the context and the significant disparity between the stated price and the horse's actual value, would likely be viewed by a court as not constituting a genuine offer to enter into a contract.
Learning Objectives
- Identify the legal consequences of violating a contract.