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:

Sample Size

The number of observations or data points collected in a sample, which can influence the reliability and accuracy of statistical analysis.

P-Value

The probability of observing data as extreme as, or more than, what was actually observed, assuming the null hypothesis is true.

Sample Proportion

The ratio of members in a sample that have a particular attribute to the total number of members in that sample.

Sample Size

The number of observations or datapoints collected in a sample, critical in determining the precision of estimates and power of statistical tests.