INSTRUCTIONS:
Each question should be answered in approximately one to two sentences with the number of the answer corresponding to the number of the question.
FACTS:
Jovial Roger restaurants engaged Air Advertising to fly an advertisement above the San Pedro beaches which offered $1,000 to any person who could swim from the San Pedro beaches to Catalina in less than a day. On Saturday, October 10, at 10:00 AM, Air Advertising flew a sign above the San Pedro beaches that read: Swim to Catalina and Jovial Roger pays $1,000. Upon seeing the sign, Bill dived in. About 5 hours later, when he was halfway to Catalina, Air Advertising flew another sign that read: Jovial Roger revokes its offer.
QUESTIONS:
1. Is this an offer for a bilateral or unilateral contract?
2. Was a contract formed under the traditional view?
3. Can Jovial Roger revoke under the traditional view?
4. Was a contract formed under the modern view?
5. Can Jovial Roger revoke under the modern view?
INSTRUCTIONS:
Each question should be answered in approximately one to two sentences with the number of the answer corresponding to the number of the question.
FACTS:
Jovial Roger restaurants engaged Air Advertising to fly an advertisement above the San Pedro beaches which offered $1,000 to any person who could swim from the San Pedro beaches to Catalina in less than a day. On Saturday, October 10, at 10:00 AM, Air Advertising flew a sign above the San Pedro beaches that read: Swim to Catalina and Jovial Roger pays $1,000. Upon seeing the sign, Bill dived in. About 5 hours later, when he was halfway to Catalina, Air Advertising flew another sign that read: Jovial Roger revokes its offer.
QUESTIONS:
1. Is this an offer for a bilateral or unilateral contract?
2. Was a contract formed under the traditional view?
3. Can Jovial Roger revoke under the traditional view?
4. Was a contract formed under the modern view?
5. Can Jovial Roger revoke under the modern view?
