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After a wild first year in college with less than stellar academic results, Sidney made a deal with her grandmother to keep an 11pm curfew and refrain from consuming alcohol and other intoxicating substances for the next academic year. In exchange, Sidney would receive a new car, worth $35,000. Sidney was 21 for the entire academic year covered by the agreement. Unfortunately, Sidney’s grandmother passed away after Sidney successfully completed the agreement (finishing the year with notably better grades), but before the car could be purchased. The grandmother’s estate does not want to make good on the agreement, and to get Sidney to go away tells Sidney that she would not be successful in a lawsuit to enforce this agreement arguing that because what she agreed to do was good for her, the agreement lacked consideration. Is the estate correct?

Which is the correct combination of factors that courts look at when asked to interpret the meaning of a sale or lease contract? 

What does the UCC require for modified sales or lease contracts?

What is the holding of Hamer v. Sidway? 

Before filing a lawsuit, a person should consider the cost of litigation or some form of ADR as compared to the value of the likely remedy.

Once the offer is rejected, the offer is terminated. 

In determining intent to enter into a contract, the court looks at the person’s subjective manifestation of intent and tries to interpret what they may have been secretly thinking. 

As a general rule, parents are not liable for contracts entered into by their minor children. 

Federal statutes govern the formation of sales and lease contracts. 

What are compensatory damages?