Transcribed Image Text
In: AccountingAnalyze the following three situations: Aaron offers to sell hishouse in Chicago to Brian for...Analyze the following three situations: Aaron offers to sell hishouse in Chicago to Brian for $500,000. Unknown to Aaron, Aaron’suncle has died and left him a house in Chicago worth $5 million.Brian hears of the uncle’s death, agrees to the offer, and thensues Aaron to have Aaron convey the more expensive property. Isthere a contract? Support your answer Every year the MuscularDystrophy Foundation has a telethon to raise money. In the heat ofthe moment, Veronica calls in a pledge of $250. When the charitymoves to collect the money, Veronica says she has changed her mind.The foundation sues Veronica to redeem the pledge. Will thefoundation be successful? Support your answer Bess is 80 years oldand takes mediation whenever she has a heart palpitation. As a sideeffect of the drug, Bess becomes dizzy and disoriented. During theperiod of disorientation, an encyclopedia sales-person rings Bess’sdoorbell and convinces her to buy a set of encyclopedias. The nextday, when the effect of the medicine wears off, Bess realizes whatshe has signed. Can Bess disaffirm the contract? Support youranswer