Business, 17.07.2020 22:01 fathimasaynas2975

Jack went to the ABC Casino to gamble. ABC offers its customers one free spin of the Million Dollar Wheel if they fill out an application form. Jack filled out the form, spun the Million Dollar Wheel, and won. However, now ABC refuses to pay, claiming that because Jack did not purchase his chance at the Million Dollar Wheel, Jack gave no consideration and therefore, no contract was formed. Identify the accurate statement. A. A contract was formed because filling out an application can constitute legal consideration.
B. No contract was formed because Jack paid no money for his chance at the Million Dollar Wheel.
C. No contract was formed because ABC did not sign any written contract as an obligation to do so.
D. A contract was formed because no consideration is needed when a customer takes advantage of a "free" offer.

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 01:00

Awidower devised his fee simple interest in his residence as follows: “to my daughter for life, then to my oldest grandchild who survives her.” at the time of the widower’s death, he was survived by his only two children, a son and a daughter, and by one grandchild, his daughter’s son. a short time later, the daughter together with her son entered into a contract to sell the residence in fee simple to a buyer. the applicable jurisdiction continues to follow the common law rule against perpetuities, but has abrogated the rule in shelley’s case. at the closing, the buyer refused to purchase the residence. can the sellers compel the buyer to do so?

Answers: 2

Answer

Business, 22.06.2019 03:10

On the first day of the fiscal year, a company issues an $7,500,000, 8%, five-year bond that pays semiannual interest of $300,000 ($7,500,000 × 8% × ½), receiving cash of $7,740,000. journalize the first interest payment and the amortization of the related bond premium. round to the nearest dollar. if an amount box does not require an entry, leave it blank.

Answers: 3

Answer

Business, 23.06.2019 00:00

In this multi-channel funnel report, which two channels have the highest overlap and would benefit from coordinated marketing messaging?

Answers: 2

Answer

Business, 23.06.2019 03:00

What is the w-4 form used for? filing taxes with the federal government determining the amount of money an employee has paid out in taxes calculating how much tax should be withheld from a person’s paycheck calculating how much income was paid in the previous year

Answers: 1

Answer

You know the right answer?

Jack went to the ABC Casino to gamble. ABC offers its customers one free spin of the Million Dollar...

Questions