06.09.2021 Views

American Contract Law for a Global Age, 2017a

American Contract Law for a Global Age, 2017a

American Contract Law for a Global Age, 2017a

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

car title you’re holding there. It’s not my problem if you don’t look at what you sign.”<br />

Jay grins happily. “I think maybe you paid a little too much <strong>for</strong> it,” he says, “But as<br />

you said, you can af<strong>for</strong>d it. I’m sure Vera is worth it. Have a really nice day, Zeke.”<br />

Zeke subsequently sues Jay, demanding the 1962 Corvette or a refund of his<br />

money. Is there a contract between the parties? If so, is it <strong>for</strong> the 1962 Corvette or the<br />

1994 Corvette? Be prepared to make arguments on behalf of both Zeke and Jay when<br />

considering this problem.<br />

Problem 3.3<br />

Walker is the owner of Rose, a registered purebred polled Angus descended<br />

from a long line of highly regarded stock. He buys her <strong>for</strong> breeding purposes, <strong>for</strong> which<br />

purpose she is worth about $10,000. After a few years and various veterinary<br />

examinations, Walker determines that Rose is infertile. Accordingly, he sells Rose,<br />

whom he believes is barren, to Sherwood <strong>for</strong> $500—essentially her value as meat.<br />

They sign a contract that Walker will deliver Rose this coming Thursday. On the<br />

morning set <strong>for</strong> delivery, Walker discovers that Rose is, in fact, with calf. He refuses<br />

to deliver her, claiming that neither party intended this to be a transaction <strong>for</strong> a<br />

breeding cow. Sherwood demands Rose.<br />

When Walker continues to refuse, Sherwood sues. Did the parties have a<br />

contract or not? What would you expect the two sides to argue regarding that issue?<br />

_____________________<br />

______________________________________________________________________________<br />

54 CHAPTER II: CONTRACT FORMATION

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!