78 ford duster since B u s i n e s s F i n a n c e

DISCUSSION POST MUST BE 10+ SENTENCES AND THE PEER REVIEW MUST BE 7+ SENTENCES PLEASE USE YOUR OWN WORDS AND DO NOT COPY FROM OTHER SITES STAY ON TOPIC ,BE POSITIVE , AND DO NOT COMMENT ON GRAMMAR ERRORS. TALK DIRECTLY TO CLASSMATES IN PEER REVIEWS!!!

1) DISCUSSION QUESTION

Each of us makes promises all of the time, and most promises we keep, but some we don’t. The question this week focus on when a promise is – and is not – enforceable. Said differently, when will the law make a person keep a promise? Choose one of the scenarios below and explain whether or not you think that the promise made is enforceable. Make sure to think about the concepts of offer, acceptance, consideration, legality and capacity.

• Uncle John promises his nephew that he will give the nephew $10,000 on his 18th birthday if the nephew doesn’t drink alcohol, smoke cigarettes, do illegal drugs, or engage in any immoral behaviors.
• Bill asks Sally to marry him, and her answer is “yes”. Bill then sells his favorite sports car and pays upfront for a lavish wedding ceremony and a 3-week trip to Europe.
• Keith agrees to transport ceramic figurines from Los Angeles to New York City in his moving truck. What he doesn’t know is that each figurine is filled packets of cocaine.
• Maria and Jennifer are having drinks at a local bar, and both are a bit tipsy. As the night goes on, Maria asks Jennifer to trade Jennifer’s 3-carat diamond ring for Maria’s 1978 Ford Duster, and Jennifer agrees to the deal.

2) PEER REVIEW #1 (SHERICE)

Good Afternoon Professor and Class,

The Scenario I chose is,

Keith agrees to transport ceramic figurines from Los Angeles to New York City in his moving truck. What he doesn’t know is that each figurine is filled packets of cocaine.

My response to do this is: The promise that was made by Keith is enforceable according to the legality of it. The law states if it’s in your possession at the time, then it’s yours unless someone confesses to it. If the capacity of the cocaine is high then Keith will be looking at FED time..

3) PEER REVIEW #2 (TANYA)

I decided to discuss the two females who are drinking at a bar and decided to trade a 3-carat diamond ring for a 78 Ford Duster. This agreement is a bilateral contract because both parties promise to do something. It is not enforceable by law because it is an unenforceable agreement which the promise was made verbally by both parties. The verbal agreement posses consideration for Maria and Jennifer to exchange the 3-carat diamond ring for a 78 Ford Duster since each item hold value. In this case of the of them struck a deal. Even though both parties were intoxicated and made an irrational agreement, both ladies are in a jam because they need to honor the verbal contract. Maria and Jennifer were aware of what was going around them, especially if they can drive home drunk, they can honor a verbal agreement. If one of the ladies wants to back out of the contract, one must provide evidence that she did not understand the nature of the agreement or the basis of the deal that was made.