A customer told the owner of a music store that she would buy a $145 guitar as soon as the music store received it from the wholesaler. When the guitar arrived a week later, the customer said that she had changed her mind and that the contract was invalid because it was not in writing. Did a valid contract exist without a written document according to the law in most states?
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Michael Carr, 17 years old, agreed to purchase a $400 shotgun from a sporting goods store. Before making the purchase, he changed his mind. Can Michael avoid the contract?
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A prospective entrepreneur, in talking with a realtor and the owner of a business site, agreed to purchase the property for a specified sum. No contract was signed, however. During the night, this person had a change of heart and decided to look for another site. Was this person bound by the promise of the previous day?
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