Lucy v zehmer - Study guides, Class notes & Summaries

Lucy v Zehmer IRAQ for Contract Law w/ helpful analysis to understand the case and apply it to the final exam/class Package includes 4 pages of; (1) Visual and Organized IRAQ of Lucy v Zehmer case about expectations damages. (2) Comparison of Plaintiff and Defendant's arguments and the Courts answer/holding. (3) Common Cold Call Questions with Answers - Be prepared to discuss it in class or helpful review to see if you know the case for the final! (4) The Key Takeaways from the case and its leg...

Lucy v. Zehmer: The Contractual Elements Paper Details In the case of Lucy v. Zehmer, Zehmer spent the night drinking with his friend Lucy. During the evening, a piece of paper was signed whereby Zehmer agreed to sell his farm to Lucy. In this assignment, you will review the full case study in your textbook, analyze the contractual elements and ruling, and indicate whether you agree with the ruling. Prompt Read the Lucy v. Zehmer case summary in the “Elements of the Offer” section of Cha...

BLS 342 Zehmer v. Lucy Spring Exam (elaborations) BLS 342 Lucy v. Zehmer Problem Presented: Lucy and Zehmer met while having drinks in a restaurant. During the course of their conversation, Lucy offered to buy Zehmer’s 450-acre farm for $50,000 cash. Although Zehmer claims that he thought the offer was made in jest, he wrote the following on the back of a pad: “We hereby agree to sell to Lucy the Ferguson Farm complete for $50,000, title satisfactory to buyer.” Zehmer then signed the wr...

EC410 Exam 2 Study Guide  Bargain Theory: Hamer v. Sidway  Bargain Theory: Allegheny College v. Chautauqua National Bank  Contract Formation: Lucy v. Zehmer  Optimal Reliance: Hadley v. Baxendale  Optimal Reliance: Allied Canners & Packing v. Victor Packing Co.  Optimal Reliance & Promissory Estoppel: Pertz v. The Edward J. Corporation  Optimal Reliance & Promissory Estoppel : Hoffman v. Red Owl Stores  Gratuitous Promises: Cosgrove v. Bartolotta  Mistakes: A...

BLS 342 Lucy v. Zehmer Problem Presented: Lucy and Zehmer met while having drinks in a restaurant. During the course of their conversation, Lucy offered to buy Zehmer’s 450-acre farm for $50,000 cash. Although Zehmer claims that he thought the offer was made in jest, he wrote the following on the back of a pad: “We hereby agree to sell to Lucy the Ferguson Farm complete for $50,000, title satisfactory to buyer.” Zehmer then signed the writing and induced his wife Jane to do the sam...

BLS 342 Lucy v. Zehmer Problem Presented: Lucy and Zehmer met while having drinks in a restaurant. During the course of their conversation, Lucy offered to buy Zehmer’s 450-acre farm for $50,000 cash. Although Zehmer claims that he thought the offer was made in jest, he wrote the following on the back of a pad: “We hereby agree to sell to Lucy the Ferguson Farm complete for $50,000, title satisfactory to buyer.” Zehmer then signed the writing and induced his wife Jane to do the same. She c...

Basics of a Contract - ans - is a promise or set of promises enforced by the law Requirements of a contract (3 things) - ans - offer: manifestation of willingness to enter into a bargain - Acceptance: an unequivocal (leaving no doubt; unambiguous) assent (agreeing to something) to the terms - Consideration: bargained for exchange Two general remedies in contract law - ans 1. Monetary: the breaching party must pay a designated amount of money to the non-breaching party fo...

what is a contract? - correct answer legally enforceable promise or set of promises what are the four basic required elements of a valid contract? - correct answer Mutual Assent: parties to contract must indicate through words or behavior that they willingly agree to enter into contract Consideration: both sides must obtain something of value (legal benefit) and give something of value (legal detriment) Legality of purpose: contract must satisfy legal purpose Capacity: both parties ...