Discussion – Binding Contracts

This discussion is based on the following scenario:

Grandma Pearl was sitting around the dinner table with her entire family on Sunday evening when she announced, Im going to leave all of you $10,000 respectively.”  The entire family screamed with jubilation, We accept!  Everyone was elated and jumped and screamed for joy!  Her grandson Jake was especially happy and announced to all of his friends at school.  Her granddaughter Tiffany was also happy because now she could buy her books for college.  Grandma Pearl immediately gave her granddaughter Tiffany the $10,000.  Upon checking her retirement and assets statements, Grandma Pearl realized that shed lost too much money in the stock market and could no longer afford to give any more money.  Although she intended to still pay Jake, she reluctantly called a family meeting and recanted her promise to pay the other grandchildren the $10,000.  Grandma Pearl took a nap and passed away peacefully in her sleep before she paid Jake his $10,000.  Jake asked his attorney whether he could claim against Grandma Pearls estate for breach of contract and recover the $10,000.

Get Ready!

To prepare for this Discussion:

• Review the material in your textbook for Module 4.
• Review the supplemental resources for Module 4.
• Gather research beyond provided course materials to support your initial response. Cite your research, in-text, using APA formatting as applicable.
• When relevant, support statements by including prior knowledge, work experiences, references, websites, resources, etc. (give credit and use APA citations when appropriate). 

Share Your Thoughts

By Day 2 of this week:

Go to the Module 4 Discussion Board and share your thoughts. The length of your post is conditional on the prompt. Answer fully, but concisely. The discussion is meant to be an informed conversation, not a research paper. For full points, you must use the terminology and concepts from the textbook to support your argument

Your post should address the following points:

• Please discuss whether Grandma Pearls promise was a binding contract.  Why or why not?

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