Assuming that all other requirements for a valid contract are present, indicate which one of the following wouldnotbe a binding agreement because of a problem with consideration.

Question 28 options:

Mr. N promises to give $50 to the cystic fibrosis society and makes that promise under seal.

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.

John tells his neighbour, Eric, that he will give him $30 to show his gratitude for Eric's extraordinary work for Little League.

Smith sold a valuable watch to Sarah for only $1.

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.