Sports Bar and Tasty Bakery are adjacent businesses with adjoining parking lots.Sports Bar offers Tasty a discount on purchases if the bakery will not tow the cars of Sports Bar's patrons who park in the bakery's lot.The discount is legally sufficient consideration
A) because it is a promise of something of value.
B) only if Sports Bar adds a cash rebate.
C) only if Tasty uses it.
D) under no circumstances.

Question

Quizplus · Accepted Answer

The discount offered by Sports Bar to Tasty Bakery can be considered legally sufficient consideration because it is a promise of something of value, i.e. a discount on purchases. This promise of value can form the basis of a valid contract. The addition of a cash rebate or Tasty's use of the discount is not necessary for the consideration to be legally sufficient.

Sports Bar and Tasty Bakery Are Adjacent Businesses with Adjoining