Question: Janet promises Eli $ 4 , 0 0 0 for one of his original paintings on the condition that she receive $ 1 million from

Janet promises Eli $4,000 for one of his original paintings on the condition that she receive $1 million from her mother's will. Janet has made:
Janet promises Eli $4,000 for one of his original paintings on the condition that she receive $1 million from her mother's will. Janet has made:
a legally inadequate promise, and the courts will therefore not enforce it.
a conditional promise which is not sufficient to form consideration.
a legally sufficient promise unless Janet knew at the time she made the promise that she could not inherit the $1 million.
an illusory promise.

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 General Management Questions!