Author Question: Twenty years after you take this class you are successful and wealthy. Knowing that this class was ... (Read 70 times)

sam.t96 · **on:** Jun 24, 2018

Twenty years after you take this class you are successful and wealthy. Knowing that this class was the key to your success, you look up your old professor and send a letter saying, Because you helped me so much, I am going to send you a check for 100,000. Later you come to your senses and do not send the check. Your old professor sues you for the money:
a. you have to pay; there is a valid contract
b. you do not have to pay; the professor did not send a timely letter of acceptance c. you do not have to pay; you were legally insane
d. you do not have to pay; promissory estoppel applies e. none of the other choices

Question 2

The U.N., which sponsored the CISG, discourages the use of arbitration of disputes that occur under the CISG. The parties must choose the courts of one of the parties to the contract.
a. True
b. False
Indicate whether the statement is true or false