solved Chapter 13. Introduction to Contracts Ch 13 DQ: Refection Please

Chapter 13. Introduction to Contracts Ch 13 DQ: Refection Please post your reflection on what was covered in this chapter after you complete all the other learning activities for Chapter, i.e. Connect activities, reading, etc. including your understanding of (1) the types of contracts and (2) the elements of a contract.Please use this forum to post any comments, Text: Kubasek, Browne, Dhooge, Herron, Barkacs, and Williamson, Dynamic Business Law, 4th Edition,Ch 14 DQ: Was there an Offer and Acceptance?Chapter 14. AgreementAssignmentThe plaintiff attended a presentation by Jones at a gathering of financial representatives. At the presentation, Jones invited attendees to put their business cards in a basket for a drawing and stated that the person whose card was drawn and who stayed for the entire presentation would “leave with a million dollars.” Mike put his card in the basket, stayed for the entire presentation, and was the winner of the drawing. Jones then stated that what Mike won was one dollar per year for one million years. He gave Mike $100 for the first “hundred years.” Mike sued for breach of contract and Jones and the other defendant filed a motion to dismiss for failure to state a claim. The issue was whether Jones had made an offer—would a reasonable person believe that he intended to make an offer, and if so, was the offer sufficiently definite? Was there an acceptance? If this is a contract, what type would it be? Ch 15 DQ: Questions and Case Problems #10.Chapter 15. ConsiderationAssignmentConsider the above referenced problem. Respond with your thoughts on the questions presented. Ch 16 DQ: Is she responsible on the contract? Chapter 16. Capacity and LegalityAssignment Fanny, a 15‑year‑old child prodigy, registers as a freshman at Big University, (B.U.). She signs a 10‑month contract to live in the B.U. dormitories at $400 per month. Assume that the dorm room is a necessary in this case. After living in the dorm for 3 months, she decides to move out into her own apartment. B.U. is unable to find another student to fill Fanny’s place and sues her for breach of contract. What is the extent of Fanny’s liability under the contract? Text: Kubasek, Browne, Dhooge, Herron, Barkacs, and Williamson, Dynamic Business Law, 4th Edition,