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Posted: October 16th, 2023

asked and explain how the law applies to the facts

Frame a complete definition of the legal question asked and explain how the law applies to the facts. Suggested length is at least one to two paragraphs.3. On May 3, Racer contacted Oscar by writing offer sent registered mail whether he could drive Owner’s one-of-a-kind, specially designed championship racecar in the Miami 500 Race on July 15 for a fee of $2500. Oscar responds in an acceptance sent registered mail on May 5 and received May 10th. On July 1, the racecar was destroyed in an accidental fire in a storage warehouse where the racecar was being stored prior to the race. Owner owns no other racecars, so Oscar considered the contract discharged. Racer claimed that he is still entitled to the $2500 fee because she and Oscar had a valid enforceable contract. First, determine whether there is a valid contract with all necessary elements. Second, if a valid contract exists, consider whether there is an issue with a defense.4. Sam wrote a letter to Julia’s Lawn Service stating, “I will pay you $600 if you will remove the 3 elm trees from my front lawn not later than September 1.” On August 29, Julia removed the 3 elm trees from Sam’s front lawn. Sam refused to pay Julia; he claimed that they did not form a valid, enforceable contract because Julia did not respond in writing to his letter. Julia sued Sam for breach of contract. Does a valid contract exist? Explain discussing the necessary elements. If so, does Julia have a viable claim to sue for breach?

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  • Martin Buber Co. purchased land as a factory site for $400,000

    E10-2 Martin Buber Co. purchased land as a factory site for $400,000 The process of tearing down two old buildings on the site and constructing the factory required 6 months. The company paid $42,000 to raze the old buildings and sold salvaged lumber and brick for $6,300 Legal fees of $1,850 were paid for title investigation and drawing the purchase contract. Martin Buber paid $2,200 to an engineering firm for...

  • Many economists believe that when the federal government establishes

    Many economists believe that when the federal government establishes an agency to regulate a particular industry, the regulated firms try to influence the agency even if these actions do not benefit the public. Economists refer to this result of government regulation by which of the following terms?

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