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In: Economics

Armond and his girlfriend went to the movies. Without saying anything, Armond handed the ticket seller...

Armond and his girlfriend went to the movies. Without saying anything, Armond handed the ticket seller $15. The ticket seller, also without speaking, handed Armond two tickets. Was any type of contract formed?

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Expert Solution

This is an implied contract; specifically, implied in fact.

The fact is that the theatre hall is showing a movie; this is an offer. Mr A and his friend went there and gave $15 to the seller of tickets; this is an acceptance, since he showed his interest of watching movie jointly.

A contract is only formed if there is a valid offer and acceptance, which happened here although all these are implied. Therefore, a contract is formed there.

Rahul Sunny answered 2 years ago
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