Legal Envir Business Essay

Write a paragraph or more for each numbered question below (and for each lettered sub-question where applicable).  Do not copy directly from the book--explain in your own words.  Do not use Google--do not plagiarize--use the material from the book.  PLEASE ATTACH ONLY ONE FILE FOR ALL QUESTIONS, and please label the question numbers/sub-questions.

(Chapters 12 and 13)

1. Discuss the four requirements needed for a valid contract to be formed.

2. Read the court case Lucy v. Zehmer (1954) on pages 240-241 (classic case 12.1) and then discuss:

• a. the facts of the case (briefly, in your own words);
• b. whether a serious offer was made by Lucy - why or why not; and
• c. what the court ultimately ordered.

3. Discuss the following issues regarding "contractual capacity" (and when contracts are enforceable or not):

• a. minors;
• b. intoxication; and
• c. mental incompetence.

4. List and discuss the four types of contractual damages - be sure to include a few sentences of essential info for each type.