Multiple Choice
Darla offers to pay Edward $6,000 for Edward's car, provided that Darla receives that much from her uncle's estate, which is currently being probated. She expects to know for sure how much she will receive within a week or so. If Edward agrees:
A) there is an illusory contract, because Darla is not certain she will receive the money.
B) there is no consideration present in this example.
C) the consideration from Darla to Edward is the promise of $6,000 subject to a condition.
D) this is an option contract and Edward must wait at least a week for Darla's answer.
Correct Answer:
Verified
Correct Answer:
Verified
Q15: Contracts binding without consideration include promises to
Q25: The two basic elements to consideration are
Q26: Obligations contingent upon a stated event are
Q27: A gratuitous promise is a promise made
Q28: Although such a gratuitous promise would be
Q33: Jan promises Eli $4,000 for one of
Q34: Breton owes Parkerson $750, which is due
Q35: Andy's private secretary promises not to disclose
Q65: Past actions unbargained for by the parties
Q72: In most,if not all,cases where there is