1. Rocky, a mentally disabled fifteen year old, has run out of money while on a trip away from home.

1. Rocky, a mentally disabled fifteen year old, has run out of money while on a trip away from home. Jack gives him food, a place to sleep and his bus fare home in exchange for Rocky's promise in writing to pay Jack $200 to cover these costs. is Rocky's promise enforceable? 2. Sonny, an inexperienced businessman, bought equipment and chinchillas from Division West Chinchilla in order to start a chinchilla ranch. Sony got into the business because Division West told him that Chinchilla ranching was an “easy undertaking and no special skills were required.” Sonny lost money operating the ranch. He sued claiming fraud. Result? 3. Warren and Al agreed that Warren would sell Al his small business, including the land on which the business was situated for $500,000. Both Warren and Al knew at the time that the contract was formed that the business was actually worth $800,000. Is this a valid, enforceable contract? What is the one requirement that is essential to render this a legal transaction

 

 

 
Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!
Use Discount Code "Newclient" for a 15% Discount!

NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.