Hugh recently purchased a motorcycle for $3,000 but has had extensive problems starting the motor. In disgust at not being able to start the motor, Hugh shouts to his friends, "Any of you want to buy this thing for $20?" A contract will be formed if a friend gives Hugh a twenty-dollar bill.

Question

Quizplus · Accepted Answer

Hugh's statement is likely to be considered a mere expression of frustration or a joke rather than a serious offer that could form the basis of a contract. For a contract to be valid, there must be a clear offer, acceptance, and consideration, all of which must be made with the intention to create a legal obligation.

Hugh Recently Purchased a Motorcycle for $3,000 but Has Had