The Canadian government announced its plan to create and circulate a new $100 bill.Because Marta knew that Bernie was an avid collector of currency, she promised to give him the first new $100 bill that she received from her work at a flea market.The agreement was placed in writing and Bernie applied his seal to the document.Shortly after the government released the new $100 bills, Marta received one from a customer at the flea market.She is required to deliver it to Bernie.

Question

Quizplus · Accepted Answer

The agreement between Marta and Bernie likely lacks consideration, which is a necessary element for a contract to be enforceable. A promise to give a gift, without more, does not constitute a legally binding contract.

The Canadian Government Announced Its Plan to Create and Circulate