BUL 4310 Exam 2_ The Legal Environment of Business Questions 40 with answers 90% scored University of Florida

BUL 4310 Exam 2_ The Legal Environment of Business Questions 40 with answers 90% scored University of Florida Charlotte, age 22, is a recent college graduate. She is visiting her twin brother, Oscar, at their parents’ home. Oscar was recently in a motor vehicle accident and is recovering from surgery at that home (the parents’ house). During her visit, Charlotte and Oscar discuss the possibility of starting a new business together. Their mother walks in during their talk to give Oscar his next dose of pain killers and overhears some of their conversation. Determined to keep the idea private among themselves, Charlotte tells her mother that she (Charlotte) was “just telling Oscar a story about something that happened at work.” Their mother nods, and Oscar takes his painkillers. When their mother leaves the room, Charlotte drafts a contract for herself and Oscar regarding their respective responsibilities for this new start-up. They both sign the contract. Pursuant to the contract, each party is supposed to put forth $5,000 for the company within 30 days after the contract is signed. The deadline is quickly approaching, and Oscar no longer wishes to be in the new start­up. Which contractual element would be Oscar’s best argument to justify his way out of the contract?