One of the most unsettling impacts of data breaches is that often consumers, and even the entities whose systems have been breached, have no idea of the extent of the breach or the likely damage that may flow from the breach. Can you think of any ways that the law could more effectively address these […]

The following exchange of text messages is the entire record between Buyer and Seller. Seller:  Hey, we’re overstocked on Standard Size Gizmo’s and my manager said to offer you 100 cases for a total price of $1,000 delivered to your warehouse   Buyer: DEAL! Has a legally binding contract been formed?  Discuss why or why […]

Which of the following agreements, if any, would NOT require a contract in writing to satisfy the requirements of the Statute of Frauds? Group of answer choices Dad promises Daughter he will pay off her student loans if she marries Prince Charming Dad promises to sell Daughter his beach house for $100 when she graduates […]

Which statement below most accurately describes the enforceability of oral contracts? Group of answer choices Oral contracts are generally not enforceable because the parties will not admit what the terms actually are Oral contracts are sometimes enforceable, but only in the case of low value agreements Oral contracts are generally enforceable, even for very high […]

Art Supply Store is closing and holding a going out of business sale.  Painter, having just made an offer to lease a large studio space from Landlord, offers to purchase all of Art Supply’s remaining inventory for $15,000 cash, to be paid within 5 days.  Painter requires the purchase to be conditioned upon the studio […]