The nephew accepted the offer by performing

the requested action of refraining from

drinking, using tobacco, swearing, and playing

cards or billiards for money until he turned $21.$

With respect to Scenario $1,$ is consideration

present?

No$,$ there must be consideration on both sides,

and the nephew received nothing of value.

Yes, forbearance can constitute consideration.

Yes, because the nephew received $$5,000.$

No$,$ there must be consideration on both sides,

and the uncle received nothing of value.

Submit