Question: Determine if the following situation creates a valid and enforceable contract with respect to the questions of consideration. Give a short reason for your answer.

Determine if the following situation creates a valid and enforceable contract with respect to the questions of consideration. Give a short reason for your answer.

Jenny finds Dona's gold necklace in the washroom at work and returns it to her. Dona: "Thanks so much! I'll give you $50 when I get paid next week." Next Thursday, Jenny does not receive the $50.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Law Questions!

Determine if the following situations create a valid and enforceable contract with respect to the questions of consideration. Give a short reason for your answer. Tom: Ill pick up your car from the...

Determine if the following situations create a valid and enforceable contract with respect to the questions of consideration. Give a short reason for your answer. 1. Tom: "I'll pick up your car from...

Can you please help me, about this question?? Thanks for advance Determine if the following situations create a valid and enforceable contract with respect to the questions of consideration. Give a...

BUSINESS LAW I FINAL EXAMINATION/Winter 2021 Section I. TRUE/FALSE . ( Max. 20 Points ) For each of the following statements, indicate (with a "T" or "F") whether the statement is True or False. Each...

Section I. TRUE/FALSE . ( Max. 20 Points ) For each of the following statements, indicate (with a "T" or "F") whether the statement is True or False. Each correct response is worth two (2) points. 1....

BUSINESS LAW I FINAL EXAMINATION/Winter 2021 Section I. TRUE/FALSE (Max. 20 Points) For each of the following statements, indicate (with a "T" or "F") whether the statement is True or False. Each...

LST2BSL Introduction to Business Law and Ethics Common Law Assignment INSTRUCTIONS 1. This assignment is worth 20% of your final mark for this subject. 2. All questions must be answered. 3. With...

3 The Formation of Sales and Lease Contracts In regard to the formation of sales and lease contracts, the UCC modifies the common law in several ways. We look here at how Articles 2 and 2A of the UCC...

BUSINESS LAW I FINAL EXAMINATION/FALL 2021 Section I.TRUE/FALSE . ( Max. 20 Points ) For each of the following statements, indicate (with a "T" or "F") whether the statement is True or False.Each...

Show how HeapSort process the input: 142, 543, 123, 65, 453, 879, 572, 434, 111, 242, 811, 102. Show the intimal heap, and the heap after removing 1, 3, and 5 elements.

Using the opening balances provided in the balance sheets below, enter the updated amounts for each transaction in the blank balance sheets marked Answers. Do not enter dollar signs or commas in the...

Let f ( x ) = 1 x . Calculate f ( x ) - f ( 4 ) x - 4 and f ( 4 + h ) - f ( 4 ) h ( Express numbers in exact form. Use symbolic notation and fractions where needed. ) f ( x ) - x - 1 f ( 4 + h ) - f...

INCOME Everyday Flowers and Workshops Sales of Product Income Special Occasions Total Income COST OF GOODS SOLD Flower Purchases and Supplies Supplies and materials - COS Total Cost of Goods Sold...

Netflix charges $ 2 0 per month and one of its pricing plans. Based on this monthly fee we have already laid out the main profit each year for an average customer in the table below. Calculate the...

Your mid - sized takeout chicken restaurant chain wants to start scaling their online marketing like Domino s strategy. Which department do you recommend to your CEO to better understand and...

Vignette AssumptionStory:Tatiana Tatiana is five years old and was adopted at age three. Tatiana's adoptive parents have three biological sons, aged eight, ten, and seventeen, who the parents say...

Ellipses Corp is a small business that operates in Herndon, VA. The company is located at10 Period Lane, Herndon, VA 20170. Its federal Employer Identification Number is 77-7777777, and its...

Write a program to wish happy birthday to a student. Firstly, take today month and day as an input and secondly take birthday as an input in the form of month and day. If the input day and month...

1. Imagine a real situation in your workplace or home situation, where you have given another person feedback on something he has done. a. What was your intention? b. How was the feedback perceived?...

Behaviour: What am I doing?

5. Imagine a situation where you were really annoyed by someone elses behaviour. Try to find the positive intention behind the behaviour.