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?

Question

Quizplus · Accepted Answer

This situation does not result in the creation of a contract because there was no agreement on the essential terms of the sale, such as the condition of the lawnmower. Additionally, Lori's statement was likely just an expression of frustration, rather than a serious offer to sell the item. Finally, there was no consideration given by the neighbor in exchange for the supposed acceptance of the offer. Therefore, there was no meeting of the minds, no intention to create a legal relationship and no offer, acceptance or consideration, the three essential elements of a contract.

Lori Just Purchased a Brand New Lawnmower for $500