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Assume That All Other Requirements for a Valid Contract Are

Question 53

Multiple Choice

Assume that all other requirements for a valid contract are present and indicate which of the following would not be a binding agreement because of a problem with consideration.


A) Laura promises to pay a carpenter,who is renovating the living room of her home,an additional $100 if he will install an extra cabinet to store her files.
B) Smith sold a valuable watch to Sarah for only $1.
C) John tells his neighbour,Eric,that he will give him $30 to show his gratitude for Eric's extraordinary work for Little League.
D) Mr.N promises to give $50 to the cystic fibrosis society and makes that promise under seal.
E) Jones agrees to accept $80 as full payment of a $100 debt if Kahn,the debtor,agrees to pay the $80 a week before the due date.

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