solution

Everyone at a party is in a contest trying to fit as many marshmallows in their mouth as they can. Caleb bets Thanasi $20 that he “can eat that entire bowl of marshmallows,” and points to a regular-sized bowl of marshmallows. Thanasi agrees. Caleb eats one marshmallow at a time and claims he’s owed $20. Thanasi disagrees, saying that clearly wasn’t the intent of the contract.

Knowing what you know about contracts, what should the result of the marshmallow eating bet be? Select the one option that you think should be the result:

Option 1: Caleb receives $20 from Thanasi.

Option 2: No one receives any money.

Option 3: Thanasi receives $20 from Caleb.

Explain your reasoning. Note: all three answers can be reasonably justified with reference to the law – I just want to see your justification for your answer).