Paula runs a bacon wrapped hotdog cart in front of the Los Angeles Coliseum. She has a sign on the cart that says:
Bacon Wrapped Hotdogs for $5.00
Cash ONLY
After a USC game, Peter walks up to the cart and says, “I’ll take two dogs”. Paula prepares the two bacon wrapped hotdogs and hands them to him, and Peter hands Paula the $10. IRAC only the formation of this contract.
Issue= Whether there is a formulation of a contract between Peter and Paula
Rule= Each contract must be having the essential of contracts which are offer, acceptance, and consideration
Application= The case presented indicates the contract between Paula and Peter as the offer is being made when a display is posted indicating the price of Hotdogs as $5 in cash. This was accepted when Peter ordered two hotdogs and paid $10 and received the hotdogs.
Conclusion= There is a proper contract between Peter and Paula
Paula runs a bacon wrapped hotdog cart in front of the Los Angeles Coliseum. She has...