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Question

Is the general release signed by Marder an enforceable contract? Identify each element of a contract and the facts that would support each element.

Why is the objective theory of contracts applied in determining whether a contract has been created? Why is the subjective intent of the parties not considered?

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Solution Preview

Evaluating the case scenario, it can be said that the contract between Marder and Paramount was enforceable. The contract was formed with the agreement, intention and consideration. Agreement: Paramount reached out to Marder with an offer of $2,300 and Marder accepted it. Therefore, offer was made by offeror and offeree accepted

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