Written Assignment #3- Complete the written assignment below. There are three scenarios. On one Microsoft Word Document prepare three separate IRACs and attach them to one email. Please note that I expect that you IRAC’s include all issues that we have coved though chapter 13. DO NOT discuss non-issues. I expect a full analysis of all issues presented.
Help: Remember that when you discuss “offer” you should only be discussing what Jack is saying. Jill’s response has to be either an acceptance, counteroffer, rejection or possibly an option contract.
Homework – Written Assignment #3
IRAC the following scenarios and send one email to me (One IRAC for each scenario – a total of three separate IRACs on one (1) Microsoft Document. DO NOT attach three (3) documents).
Scenario #1: Jack calls up Jill and says, “Hey Jill I’ll buy 40 of those widgets from you for $300?” Jill replies, “You know Jack, the best deal I can give you is $350.” Jack replies, “I’ll take it!” IRAC.
Scenario #2: Jack is walking his dog down the street and Sara yells out at him, “Hey Jack, I’m going to be out of town this weekend, if you have time on Saturday, I’ll pay you $20 if you cut my lawn.” IRAC.
Scenario #3Jack calls up Jill and says, “Hey Jill I’ll buy 40 of those widgets from you for $300?” Jill replies, “You know Jack, the best deal I can give you is $350.” Jack replies, “I don’t have the money right now but I’ll give you $20 to keep your offer open for 10 days” Jill replies, “Sure you’ve got a deal.” IRAC.