please answer both questions. this is a business law class. ABC Inc. sponsors th
ID: 447734 • Letter: P
Question
please answer both questions. this is a business law class.
ABC Inc. sponsors the "Pioneer Trial Ultramarathon," with an advertised first price of $10,000. The rules require the competitors to run 100 miles from the floor of Blackwater Canyon to the top of the Pinnacle Mountain. The rules also provide that ABC reserves the right to change the terms of the race at any time. Andy enters the race and is declared the winner. ABC offers him a price of $1,000 instead of $10,000. Did ABC and Andy have a contract? Explain. 2. Andy, a sports marketing expert, met with Ben, the owner of the San Francisco Crazy Baseball team, many times to discuss the Andy Benson Crazy Company (ABC). Andy was paid as a consultant. Later, he filed a suit, seeking an ownership share in ABC. There was no written contract for the share, but he claimed that the matter had been discussed. Does Andy have a valid claim for payment? Discuss.Explanation / Answer
1. There was no written contract between the two. In such a case, the T&C in the rules prevails. Hence Andy cannot legally question the price offered.
2. Here this is an oral contract which Andy is claiming about. Oral contracts are as good as written contracts. But for the same to be enforced, there should be valid witnesses.