In light of the doctrine of consideration, discuss using case law, whether the following promises are legally
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Question:
In light of the doctrine of consideration, discuss using case law, whether the following promises are legally binding or merely gratuitous?
(a) Red returned Brown’s lost tortoise. Brown promised him $5.
(b) Green agreed to sell his vintage sports car to Black for $1 dollar. Marks will be allotted for analysis and application of the law.
Related Book For
Business Law Today The Essentials Text and Summarized Cases
ISBN: 978-1305574793
11th edition
Authors: Roger LeRoy Miller
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