In Exchange for Miles' Promise to Pay $10 000 to the Society

Multiple Choice

In exchange for Miles' promise to pay $10 000 to the Society for Prevention of Cruelty to Animals, Fran promised to give up eating meat for one year. Which of the following statements is TRUE?

A) The facts demonstrate a mutual exchange of value.
B) because neither party will receive a direct benefit, a contract was created only if the parties' agreement was placed under seal
C) Fran has not given consideration because she has only suffered a detriment.
D) The facts demonstrate the doctrine of promissory estoppel.
E) Fran's promise is gratuitous because Miles does not receive anything of value from her.