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¶ … contract while the other on unilateral contract.
Summary of Important Facts
The Pioneer Trail Ultramarathon is sponsored by Rocky Mountain Races, Inc., with $10,000 as the advertised first prize. According to the rules, competitors are required to run a distance of about 100 miles from the bottom of Blackwater Canyon to the very top of the Pinnacle Mountain. The rules further states that Rocky Mountain Races has the right to alter the terms that bind the races, whenever they deem fit. Monica goes into the race and is named the winner of the competition (Instruction made available by the customer). Rocky Mountain Races decides to pay her $1,000 instead of the usual $10,000. Then the big questions is, does any contract exist between Rocky Mountain Races and Monica?
Legal matters Involved
The legal matter involved is the possibility of breaching a contract (Writer Thoughts).
Case Analysis
In a one-sided or unilateral contract, one of the parties known as the offeror, promises another party known as the offeree, an exchange for an action or abstinence from taking the action. In a situation where the offeree acts out of the promise of the offeror, the onus falls on the offeror to fulfill the contract...
This is due to the fact that no kind of return promise was made to the offeror (Legal meaning of unilateral contract, n.d.). After the action or performance of the offeree, there can only be one enforceable promise, which is the promise of the offeror. In this context, the offeror, Rocky Mountain Races promised to pay $10,000 cash prize as first prize. The offeree, Monica, was declared the winner. But, it should be taken into account that Rocky Mountain Races have the legal right to alter the contract terms whenever they deem fit. Due to this right, Rocky Mountain Races decided to offer Monica $1, 000 instead of the initially advertised $10,000 (Writer Thoughts).
Conclusion
In this case, though shady, Monica does not reserve the right to sue the offeror, following the clause that Rocky Mountain Races can alter the contract terms, whenever they choose to do so (Writer Thoughts). The offered reward was the term they changed. They paid $1,000 instead of the $10,000 they advertised.
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Summarizing the Important Facts
Janine was admitted in the hospital, following very severe stomach pains. She was…
References
(n.d.). BusinessDictionary.com - Online Business Dictionary. What is implied contract? definition and meaning. Retrieved October 25, 2015, from http://www.businessdictionary.com/definition/implied-contract.html
Devine, P. (2010, April 14). Articles on All Regions including Law, Accountancy, Management Consultancy Issues. Contractor Can Recover On The Basis Of Unjust Enrichment If There Is No Express Contract - Real Estate and Construction - United States. Retrieved October 25, 2015, from http://www.mondaq.com/unitedstates/x/96538/Building+Construction/Contractor+Can+Recover+On+The+Basis+Of+Unjust+Enrichment+If+There+Is+No+Express+Contract
(n.d.). Legal Dictionary. Unilateral Contract legal definition of Unilateral Contract. Retrieved October 25, 2015, from http://legal-dictionary.thefreedictionary.com/Unilateral+contract
Writer Thoughts
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