Discuss whether the elements of a contract are satisfied in this case.
Johnny, a neighbor who is just not a service provider underneath the Uniform Industrial Code, presents to purchase a automotive from Mark for $30,000. Mark asks Johnny for a while to consider it. Johnny says certain. He writes on a piece of paper that he’ll hold the provide open for 2 weeks.
Per week later Johnny sees one other automotive he would quite purchase. He purchases that, after which he tells Mark that he’s revoking his provide.
Two days after that Mark stated: “I am sorry Johnny you made a proposal in writing to purchase my automotive. I’ll maintain you to that.”
Johnny replied: “Sorry I can’t try this. However I’ll promise to pay you $10,000 for the enable you gave me final yr round the home.” Considerably mollified Mark accepts.
Per week later and Johnny determined to renege on that promise as nicely.
Fed up, Mark sued Johnny for breach of contract on each the promise to purchase the automotive and the promise for the $10,000.
• Discuss whether the elements of a contract are satisfied in this case.
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