Janet promises Eli $4,000 for one of his original paintings on the condition that she receive $1 million from her mother's will.Janet has made:
A) an illusory promise.
B) a legally sufficient promise unless Janet knew at the time she made the promise that she could not inherit the $1 million.
C) a conditional promise which is not sufficient to form consideration.
D) a legally inadequate promise,and the courts will therefore not enforce it.

Question

Quizplus · Accepted Answer

Janet's promise is legally sufficient because it is conditional upon her receiving $1 million from her mother's will, which is a valid consideration. As long as Janet did not know at the time she made the promise that she could not inherit the $1 million, the promise is enforceable. It is not an illusory promise because it is dependent on a specific event happening (receiving the inheritance). It is also not legally inadequate since it is conditional upon a valid consideration.

Janet Promises Eli $4,000 for One of His Original Paintings