Lori just purchased a brand new lawnmower for $500.When she got home and tried to use it,it would not work.She became angry and shouted,"I'd sell this thing for $50." Her neighbor heard her and said,"I'll take it," and offered Lori the $50 in cash.Which of the following best describes this situation?
A) This is an enforceable bilateral contract.
B) This is an express contract.
C) If Lori sells the lawnmower for $50, it would be a case of unjust enrichment.
D) This situation does not result in the creation of a contract, because it would not objectively be believed that Lori was offering to sell her lawnmower for $50.
E) Contract formation in this case depends on whether the neighbor subjectively thought Lori was serious.
Correct Answer:
Verified
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