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Theresa owns a mansion on an island on Flathead Lake in Montana. She is tired of the Montana scenery and wishes to purchase a mansion on Lake Tahoe. Theresa’s good friend Timothy has always expressed interest in her Flathead Lake mansion if she were to sell.  One night, Theresa and Timothy go out for dinner and drinks at a local brewery. After hours of boring conversation about their investments and the multiple properties they own, Theresa mentions how she has grown tired of her Flathead Lake mansion. She then offers to sell the mansion to Timothy for a cool $2.5 million.  Timothy crunches the numbers in his head and promptly responds, “I will buy it for $2 million.” What is the effect of the statement Timothy made?

Pat has an employment contract with Dunkirk Ice Cream to sell ice cream and novelty ice cream products. Pat has five children and another due any day. Pat doesn’t make enough money with Dunkirk so, without Dunkirk’s knowledge, he decides to seek additional work at another dairy in the town that also sells ice cream and novelty ice cream products. Pat’s employment contract that he signed with Dunkirk specifically prohibits Pat from competing. Will Pat selling for another local dairy in addition to Dunkirk be problematic under the current contract?

A new upscale coffee shop opened in downtown Bismarck. During this past rainy weekend, a business major studying business law at the University of Mary decided to study for her upcoming Torts test at this new coffee shop. As she was entering the coffee shop, an art student stopped her saying “this is a place of beauty. We don’t want disgusting business majors who study law in here.” The business major was angered by this remark and said, “Get out of my way.”  The art student said “No. Make me.”  The business major took out her full-sized umbrella, intending to frighten the art student, and swung it at his head. But, the umbrella broke and a large piece flew off, striking the art student. If the art student sues the business student for battery, he most likely will:

Mason contracted with Bravo Builders to build an addition to Mason’s house for $15,000. After digging the foundation, Bravo decides that it will take more work and more concrete than it had originally thought and that it will need to charge an additional $5,000 for the job. Assuming Mason agrees, which of the following is correct?

Dana gives care to Marnie’s dog, Molly when Dana finds Molly ill on the side of the road. Marnie promises to reimburse Dana for the cost of treating Molly. Marnie’s promise is binding, because there is a bargained-for-exchange.

A contract to commit a tort will be enforced by the courts

Richard owes Andy $1,000 under a contract. The parties agree that Andy will accept Richard’s boat as satisfaction for Richard’s duty to pay $1,000. What would this best be described as?

Which of the following describes the rational basis test

Cedar is 88 years old and under the legal guardianship of a relative. One day Cedar receives a telephone call from a health insurance salesperson and purchases a $400-a-month Medigap insurance policy. This contract is

Which of the following gives Congress the power to regulate the Federal Economy  and restrict State Regulations that obstruct or unduly burden interstate commerce?