Jack Walks into a Bar

question 48

Multiple Choice

Jack walks into a bar.He is a little tipsy.The waitress pours him a pint of beer and he pays with all the money he has on him.He makes this statement to the waitress: "Sorry I can't tip you today,but you know what,I have this lottery ticket,and if I win,I'll split it with you." The waitress says,"No problem,Jack." Jack later makes a copy of the ticket for the waitress.The next day Jack receives a call from Stephanie,the waitress,who tells him that she checked the numbers and that he has won $1 million.Stephanie asks,"Our deal is on right?" Jack says,"What deal?" She says,"You promised to split the winning ticket with me." He says,"Really?" Which of the following is true?

• A)Jack will have to split the proceeds with Stephanie on a quantum meruit basis.
• B)Stephanie can sue Jack for breach of contract if she does not get her share of the ticket.
• C)Jack promised to split the winning ticket with Stephanie and she accepted,so a valid contract was created.
• D)No contract arose because there was no intention on the part of Jack to enter into legal relations with Stephanie.
• E)A contract did not arise because Jack's statement was not an offer.

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Definitions:

AGI

Adjusted Gross Income (AGI) refers to an individual's total gross income minus specific deductions used to determine their taxable income on a federal tax return.

Twin Daughters

Refers to a set of female offspring born during the same pregnancy, sharing a special bond but considered as individual dependents for tax and legal purposes.

Retirement Savings Contributions Credit

A tax credit that encourages low to moderate income taxpayers to make contributions to qualified retirement accounts.

AGI

Adjusted Gross Income is the total income minus specific deductions, used to determine taxable income on an individual's tax return.