Multiple Choice
When Mr. Adams tells the local Boys' and Girls' Club that he will give them $5,000 if they promise to use the funds for their summer camping program, this is an example of which one of the following?
A) Gratuitous promise
B) When accepted by the club, a bilateral contract
C) When accepted by the club, a unilateral contract
D) Promissory estoppel
E) Inadequate consideration
Correct Answer:

Verified
Correct Answer:
Verified
Q122: Distinguish between a formal and a simple
Q123: What is "quantum meruit"?
Q124: The owner of a new building wanted
Q125: Harry saw Joe in his classic Buick
Q126: From the point of view of consideration,
Q128: For the requirement of consideration to be
Q129: Consideration is restricted to the exchange of
Q130: Discuss the requirement of consensus in the
Q131: Acceptance of an offer by email or
Q132: Which of the following is an example