Buck and Cady are in an auto accident. Buck offers Cady $20,000 for her promise not to pursue a legal claim against him arising out of the accident. Cady agrees. This agreement is
A)past consideration.
B)an illusory promise.
C)a release.
D)promissory estoppel.

Question

Quizplus · Accepted Answer

This agreement is a release, where Cady agrees not to pursue a legal claim against Buck in exchange for $20,000. This is a common legal arrangement where one party pays another to forfeit a claim.

Buck and Cady Are in an Auto Accident