Business Law and the Regulation of Business

Again, just so we are on the same page (pun intended), the following discussion question can be found in Chapter 12, at page 242, Question 10 of Mann, R. A. and Roberts, B.S. (2009). Business Law and the Regulation of Business (10th ed). Mason, OH: South-Western Cengage Learning:

1 =Anthony lends money to Frank, who dies without having repaid the loan. Frank’s widow, Carol, promises Anthony to repay the loan. Upon Carol’s refusal to pay the loan, Anthony brings suit against Carol for payment.  Is Carol bound by by her promise to pay the loan? Discuss.

2=Class, with the different editions of the textbook in use, I understand that some problems have been renumbered or altogether substituted. So, I have retyped the question I would like for you to discuss.

The following discussion question is found in Chapter 11, at page 220, Question 1, from Mann, R. A. and Roberts, B.S. (2009). Business Law and the Regulation of Business (10th ed). Mason, OH: South-Western Cengage Learning:

Anita and Barry were negotiating, and Anita’s attorney prepared a long and carefully drawn contract that was given to Barry for examination.  Five days later and prior to its execution, Barry’s eyes became so infected that it was impossible for him to read.  Ten days thereafter and during the continuance of the illness, Anita called Barry and urged him to sign the contract, telling him that time was running out.  Barry signed the contract despite the fact he was unable to read it. In a subsequent action by Anita, Barry claimed that the contract was not binding on him because it was impossible for him to read and he did not know what it contained prior to his signing it.  Should Barry be held to the contract?

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