Read the following and indicate which agreement would not be a binding contract because of a problem with the requirement of consideration. Assume all the other requirements for a binding contract have been met.
A) Mary promised in writing and under seal to give Planned Parenthood a donation of $100.
B) John, late for work, found his car battery was dead. He flagged down a passing truck and told the driver he would pay him $8 if he would agree to do him the favour of jump-starting the car. The driver of the truck agreed.
C) Mr. Kooner sold a farm valued at $190,000 to his nephew for only $50,000.
D) Len agreed to sell and Karen agreed to buy four of Len's records for "some money."
E) Peter agreed to pay Ace Computers Ltd. $50 above the contract price if the company would have his new computer ready ten days earlier than the date specified in the original contract.

Question

Quizplus · Accepted Answer

"Some money" is too vague to constitute consideration.

Read the Following and Indicate Which Agreement Would Not Be