The agreement is for the portrait to be completed in nine 18. Lou has orally agr

Question

The agreement is for the portrait to be completed in nine 18. Lou has orally agreed to paint Bud's portrait for $500.00. months. Even if the portrait actualily takes thirteen months to complete, the agreement will be enforceable. 19. On Monday, Harry puts an offer in the mail to Sally to sell his quitar for $50. Monday night when playing with his buddies, he decides he will really miss his old guitar and has second thoughts about selling it. Tuesday morning he puts revocation in the mail informing Sally he has changed his mind and the guitar is no longer for sale. The revocation s effective upon dispatch. 20. Jon decides to have an office party to celebrate the holikdays. He purchases some decorations and orders food using his own money. Everyone has a great time and very much appreciates his gesture of good will. At the end of the party Jon's boss tells him that the company will reimburse Jon for his expenses. If the manager later refuses to pay, Jon can successfully sue to enforce the promise. 21. Agreeing not to open a competing business could be consideration

Explanation / Answer

18) False. If the agreement is complete in 9 months, it cannot be enforced if it takes 13 months.

19) False. The revocation cannot be effective upon dispatch. It has to be before dispatch.

20) False. Since Job's boss verbally confirms reimbursement, there is no establishment of the contract. Hence, Jon cannot sue to enforce the promise. Moreover, it was Jons decision to have this party of his own interest.

21) True. Agreeing not to open a competing business could be consideration of the individual. It cannot be enforced.

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