Otto Approaches Edie and Says,"If You Pick Up My New

question 40

Multiple Choice

Otto approaches Edie and says,"If you pick up my new suit for me at the mall tomorrow,I'll pay you $20." Edie replies,"I don't know if I'll have time to get it,but I'll see if I get a chance." As a result of this conversation:

• A) Otto and Edie have formed a bilateral contract.
• B) Edie has a legal obligation to use her best efforts to pick up the suit.
• C) A contract will be formed only if Edie picks up the suit.
• D) The contract Otto and Edie have formed is voidable because Edie did not obligate herself.
• E) The contract Otto and Edie have formed is void because Edie did not obligate herself.

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Definitions:

Standard Oil

An American oil producing, refining, and transporting company established by John D. Rockefeller that became a symbol of the monopolistic practices and economic power of the Gilded Age.

John D. Rockefeller

An American industrialist and philanthropist who played a pivotal role in the establishment and growth of the oil industry.

Settlement House Movement

A social reform movement that began in the late 19th and early 20th centuries, aimed at improving the lives of the poor by establishing community centers in urban areas.

Hull House

A settlement house founded by Jane Addams and Ellen Gates Starr in 1889 in Chicago, aimed at improving social and living conditions for immigrants and the poor.