Contract Lesson

Contract Lesson 3 Consideration (Continued) – Bargain Promises Assignment
This order is for a law school coursework assignment. The assignment is worth 50% of my grade. Please review the answers for this assignment title “Contract Assignment 3 answers” that I have uploaded for your review prior to completing the assignment. As the direction stated a paragraph or two is require to explain the reasoning for why the answer was selected as well as the reasoning as to why the others are not correct. The reasoning should not be copy words for words from the answers sheet that I have provided since that is not my works. For revision request, please return the assignment as instructed. If additional if an increase in page is warrant for the assignment, please let me know before proceeded.
Please follow the direction as stated for the assignment. Please format assignment as directed by professor. Cover page, Single space, times roman 12, double space between paragraphs. Each page must be numbered, and your last name and student number included on the upper left-hand corner of each page.
Direction:
The following Assignment should be completed and submitted to the course faculty via the learning platform for evaluation and grading. Submit your responses in one WORD document. List the question first, and then your response.
Based upon what you have studied in this lesson, answer the questions that follow these short fact patterns. Your answer to each question should be one or two paragraphs to support your reasoning for selecting that particular answer. A paragraph or two paragraph to support the reasoning as to why the other three answers are incorrect.
Short Answer Questions
Situation 1
Sam was getting along in years and wanted to provide for his grandson Dave’s future. Over dinner one evening, Sam asked Dave what he would like Sam to leave him after Sam died. Dave replied that he was very fond of Sam’s 1957 Thunderbird. “Very well,” said Sam, “I will change my will to leave you the Thunderbird.” “Thanks, Grandpa,” Dave replied. “I’ll make you proud.”
Question 1
True or False: Sam and David formed a contract obligating Sam to amend his will to leave the Tbird to Dave. Answer True or False and provide legal support for your conclusion.
Situation 2
Suppose that Dave was a reckless 21-year-old who was, in Sam’s opinion, a bit too fond of cold beer, high stakes poker, and fast cars. Sam promised to will the Thunderbird to Dave if Dave would refrain from drinking and gambling and avoid speeding tickets for the rest of Sam’s life. Dave promised to refrain from drinking and gambling and to avoid speeding tickets for the rest of Sam’s life.
Question 2
Select the best answer and provide legal support for your selection:
1. A bilateral contract is formed. Sam must change his will.
2. A unilateral contract is formed. Sam is under no obligation to change his will.
3. A unilateral contract is formed. Sam must change his will.
4. A bilateral contract is formed. Sam is under no obligation to change his will.
Situation 3
Suppose that, in addition to promising to refrain from drinking and gambling and to avoid speeding tickets for the rest of Sam’s life, Dave actually did as he promised for the rest of Sam’s life.
Question 3
True or False: Sam and David formed a contract obligating Sam to amend his will to leave the Tbird to Dave. Answer True or False and provide legal support for your conclusion.
Situation 4
Returning to the facts of Question 2, suppose that Sam promised to will the Thunderbird to Dave if Dave would promise to refrain from drinking, gambling, and speeding for the rest of Sam’s life. Dave replied that he promised to refrain from drinking, gambling, and speeding for the rest of Sam’s life.
Question 4
Select the best answer and provide legal support for your selection:
1. A bilateral contract is formed. Sam must change his will.
2. A unilateral contract is formed. Sam is under no obligation to change his will.
3. A unilateral contract is formed. Sam must change his will.
4. A bilateral contract is formed. Same is under no obligation to change his will.
Situation 5
When Sam’s regular nurse told Sam that she required back surgery and that the doctor estimated it would take at least six months for her to recover sufficiently to resume work, Sam sought to hire Jill to be his nurse for a period of up to six months, or until Sam’s regular nurse became physically able to resume her duties. In exchange for Jill’s services, Sam promised to either (1) pay Jill $5,000 per month or (2) provide Jill’s family with suitable rent-free housing for as long as Jill was Sam’s nurse.
Question 5
Sam made alternative promises to Jill as consideration for her services. Sam was able to choose between the two alternatives, yet a valid contract was formed. Why?