Bar Exam (US) Contracts: Question below is based on the following fact situation. Lorenzo owned ...

Question

Question below is based on the following fact situation.

Lorenzo owned a beautiful Spanish-style home in Rancho Cordova. The home, which was built in 1932, had a tile roof made of red slate. One day, Lorenzo said to Izod, a roofer, "My roof leaks. I think the old tiles are cracked. If you will replace them with all new tiles, I will pay you $5,000." Izod replied, "Sure, if I can see my way clear of my busy schedule." Lorenzo then remarked, "That's all right, but let me know soon." Three days later, Izod drove his pick-up truck to Lorenzo's home and unloaded the materials and equipment needed to perform the roofing job. When Lorenzo looked out his window and saw what was transpiring, he immediately ran outside and exclaimed, "Hey, dude, the deal's off. I decided to repair the roof myself."

In an action by Izod against Lorenzo for breach of contract, which of the following would provide Izod with his best theory of recovery?

AnswerChoose the correct answer.Choose all that apply. Correct Partially correct Incorrect Don't Know

  1. A
    Correct Answer
    A bilateral contract was formed when Izod unloaded the materials and equipment at Lorenzo's house.
  2. B
    Correct Answer
    A bilateral contract was formed when Izod said, "Sure, if I can see my way clear of my busy schedule."
  3. C
    Correct Answer
    Lorenzo made an offer that proposed a unilateral contract, and the offer became irrevocable when Izod purchased the materials and equipment needed for the job.
  4. D
    Correct Answer
    Lorenzo made an offer that proposed a unilateral contract, and Izod manifested an intent to accept the offer when he began performance by unloading the materials and equipment at Lorenzo's house.
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