r Are the following promises legally binding or merely gratuitous? (a)Red returned Brown's lost tortoise. Brown promised

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Are the following promises legally binding or merely gratuitous? (a)Red returned Brown's lost tortoise. Brown promised him 5 pounds. (b)Green agreed to sell his vintage sports car to Black for 10 Pounds. (c)Scarlet promised her employee, Orange, that she would give him a 10 bonus if he arrived at work on time for a week. (d)Blue was owned 50 pounds by Yellow, but agreed to take 45 Pounds in full settlement if Yellow made the repayment a week early. (e)Pink agreed that his tenant, Turquoise, might pay a reduced rent while he was out of work. (a)Gratuitous:past consideration; (b)Binding:adequacy irrelent; (c)Gratuitous:existing contractual duty:(d)Binding:exceptio to Pinnel's case;(e)Provides a defence under High trees if Pink tried to repudiate. Are the following promises legally binding or merely gratuitous? (a)Red returned Brown's lost tortoise. Brown promised him 5 pounds. (b)Green agreed to sell his vintage sports car to Black for 10 Pounds. (c)Scarlet promised her employee, Orange, that she would give him a 10 bonus if he arrived at work on time for a week. (d)Blue was owned 50 pounds by Yellow, but agreed to take 45 Pounds in full settlement if Yellow made the repayment a week early. (e)Pink agreed that his tenant, Turquoise, might pay a reduced rent while he was out of work. (a)Gratuitous:past consideration; (b)Binding:adequacy irrelent; (c)Gratuitous:existing contractual duty:(d)Binding:exceptio to Pinnel's case;(e)Provides a defence under High trees if Pink tried to repudiate.

Answer rating: 100% (QA)

a The promise by Brown to pay Red 5 pounds for returning the lost tortoise is gratuitous This is because there is no consideration for the promise as Red had already returned the tortoise before Brown ... View the full answer