Business Law Assignment Week 4

Week 4 Assignment

Application: Is This Purpose Legal?

The final requirement of a valid contract is that it must be made for a legal purpose. Consider the following situation:

You and Tommy made a $100 bet on the outcome of the Super Bowl. After your team won, Tommy refused to pay you the $100.

Based on the information that you have learned in your reading, write a 150-word paper that answers the following questions about the situation described above:

  1. Could you legally sue Tommy?
  2. Why or why not? Be sure to support your conclusion with facts, definitions, and/or examples.
  3. If you have not already done so, clearly explain what constitutes legal and illegal gambling. ***Please use APA formatting.  Also please use quotes from the text/resources.  Please see example of APA formatting below:
    APA Textbook In-text Citations