There is an existing contract calling for Seller to deliver 1,000 widgets to Buyer.Buyer says to Seller,"I would like to buy 100 additional units at the same price." Seller responds,"We promise to sell you the 100 extra units if we decide not to sell them to other customers." Regarding only the sale of the extra 100 units,which of the following is true?
A) There is no consideration due to an illusory promise.
B) There is no consideration due to a preexisting duty.
C) There is no consideration due to a past consideration.
D) There is consideration due to promissory estoppel.
E) There is consideration due to a legal detriment on both sides.
Correct Answer:
Verified
Q51: Buyer executes a requirements contract with seller
Q52: Caterer agrees with Bride to cater Bride's
Q53: Seasonal Selections,Inc.enters into a contract with Arthur's
Q54: Shirley promised Jill that she would give
Q55: In which of the following situations is
Q57: Jean had just received a promotion and
Q58: Worldwide Motor Company promised to buy all
Q59: Ricky signs a 2-year contract to play
Q60: If Sam,a high school senior,promises to go
Q61: Harry meets his friend,Handy,for a few drinks
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents