Theresa owns a mansion on an island on Flathead Lake in Mont…

Theresa owns a mansion on an island on Flathead Lake in Montana. She is tired of the Montana scenery and wishes to purchase a mansion on Lake Tahoe. Theresa’s good friend Timothy has always expressed interest in her Flathead Lake mansion if she were to sell.  One night, Theresa and Timothy go out for dinner and drinks at a local brewery. After hours of boring conversation about their investments and the multiple properties they own, Theresa mentions how she has grown tired of her Flathead Lake mansion. She then offers to sell the mansion to Timothy for a cool $2.5 million.  Timothy crunches the numbers in his head and promptly responds, “I will buy it for $2 million.” What is the effect of the statement Timothy made?

Professor Patrick was leaving the University one night after…

Professor Patrick was leaving the University one night after teaching his very attentive students. A student, who was not happy about the difficultly of the tests, locked Patrick in the classroom. Patrick sued the student for false imprisonment. Which of the following is true? 

Quincy is working hard on the mayoral campaign of Rio and be…

Quincy is working hard on the mayoral campaign of Rio and believes that just a few more votes could win the election, so promises to pay a friend Varun $50 to register and vote. Varun does so, but Rio loses the election, and Quincy now refuses to pay. The agreement is: