Discuss the nature of consideration and contract in this case.

Late one evening Chris and Hank are discussing the purchase and sale of $50000 of computer equipmen Show more Late one evening Chris and Hank are discussing the purchase and sale of $50000 of computer equipment after BUS 201 class. They are in the classroom when Hank writes their agreement on the classroom chalkboard and both Hank and Chris sign it on the chalkboard. Discuss if this chalkboard writing is sufficient to provide a binding written agreement. 2. Mark has complained to the local police about the car thefts in his neighborhood. However the police have taken little interest to curb the car thefts much to Marks disappointment. Determined to resolve the problem Mark invites a local cop Paul to his sons graduation party and offers Paul free weekend dinners at Marks family restaurant if the Paul promises to look into the car thefts. Discuss the nature of consideration and contract in this case. 3. Bruce located in Washington desires to enter into a contract with Jessie a resident of California. Neither wishes to meet face-to-face as both are busy with a variety of business interests. Instead they wish to form a contract over the Internet. Would a contract formed over the Internet be valid? Show less

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