Alan tells Sherry that he will pay her $5,000 if she runs the Boston Marathon. Once Sherry starts running the marathon, Alan, legally, ________.
A) can revoke the contract as informal verbal agreements are not binding
B) can reduce the money on offer
C) can only increase the money on offer
D) cannot revoke the contract

Question

Quizplus · Accepted Answer

Once Sherry starts running the marathon, Alan cannot revoke the contract as it becomes legally binding.

Alan Tells Sherry That He Will Pay Her $5,000 If