Ken, a research chemist, has been promised a fellowship with a stipend of $20,000 to do research on synthetic fuel oil. Under the terms of the fellowship, Ken is free to use the money as he sees fit. Ken decides to build his own laboratory, so he will not have to rent one. He hires a carpenter who begins working on shelving and cabinets in the laboratory. Then Ken receives a telegram saying the fellowship has been canceled. No reason is given for the cancellation. If Ken sues, will he be able to collect the money from the foundation which promised the fellowship? Explain your answer using legal terminology.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q43: Marilyn contracted with Bravo Builders to build
Q51: Mary agrees to sew Georgia's prom dress
Q66: What transactions are enforceable even though they
Q68: Define consideration.
Q69: Sam owes $5,000 to the First National
Q70: Alice says to Brian, "If I decide
Q72: Breton owes Parkerson $750, which is due
Q74: William agrees to drill a well up
Q75: There are certain transactions that require consideration
Q76: In a contract for the sale of
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