A agrees to paint B's house.B then says to A,"If you paint my house,I'll give you $500.00." In this situation
A)the first agreement does not include the price,but the second agreement does.
B)together,the promise to pay and the first agreement to paint form one whole contract.
C)the entering into the main contract is the consideration for the collateral contract.
D)the promise to pay $500.00 is collateral to the first agreement to paint.
E)all of the above

Question

Quizplus · Accepted Answer

The statements collectively describe how the initial agreement to paint the house, which lacked a specified price, becomes a complete contract with the addition of the promise to pay $500. This promise serves as the consideration that transforms the initial agreement into a legally binding contract, making all the options correct in the context of contract formation.

A Agrees to Paint B's House