6-1 Case Analysis: Lucy V. Zehmersouthern New Hampshire Univ

6-1 Case Analysis: Lucy v. ZehmerSouthern New Hampshire UniversityBUS-206-Q2414 Business Law 1 23EW2 02:30:39 GMT -05:006-1 Case Analysis: Lucy v. ZehmerIn the case of Lucy v. Zehmer both parties were out drinking when they struck a deal to buy the Ferguson Farm from Zehmer (s). For the past eight years, Lucy has been dead set on buying Zehmer's farm. Zehmer claims the contract was invalid and that he was not serious about selling the property when Lucy approached him about finalizing the sale of Ferguson Farm. Accordingto Zehmer, there was a failure or absence of a contractual element, specifically intent. He insisted that selling the farm to Lucy was all in good fun and that he had no intention of taking it seriously.The courts sided with the plaintiff, Lucy, after hearing arguments from both sides over the contract sale of Zehmer's Ferguson Farm. Even though Zehmer meant the contract as a joke, Lucy believed it to be valid based on the evidence. After spending the evening drinking and negotiating terms for the farm, he tricked Lucy into thinking he was planning to sell it. All parties have agreed to the terms of the contract, which include the