Jimmy and Pat Had a Long-Standing Professional Relationship

question 59

Multiple Choice

Jimmy and Pat had a long-standing professional relationship.In 2001,Jimmy's business began experiencing financial strain.The two friends discussed Jimmy's personal problems and financial difficulties,and Pat was concerned about his friend's depressed mental state.In 2003,Pat flew from Atlanta to New York to meet Jimmy.Prior to Pat's flight,Jimmy's employee had faxed copies of various construction contracts and correspondence relating to Jimmy's controversial projects for Pat to review.In late 2005,Pat billed Jimmy for a $40,000 balance that Jimmy owed on the alleged oral contract.In a letter to Pat,Jimmy stated: "I have paid you plenty and will not pay you any more.I have not called for any professional advice since then." Pat filed suit against Jimmy for breach of contract.Will Pat succeed?

• A) Yes,because Pat was offering his friend professional consultation.
• B) Yes,because there is a valid contract formed,since Jimmy had sought Pat's advice.
• C) No,because it was a friendly advice and not an actual contract.
• D) No,because Pat never entered into an oral contract and only written contracts are enforceable.

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Definitions:

Simultaneously Work

The act of performing multiple tasks or activities at the same time.

Knowledge Worker

Someone whose knowledge is a critical resource for employers.

Important Asset

A valuable resource owned by a person or company, regarded as being critical for achieving success or meeting objectives.

Employers

Entities or individuals who hire people to perform services or work in exchange for compensation.