Carlos entered into a contract with Keisha.He promised to design a computer system for her business and she promised to pay $50 000 to his brother, Mikey.When that contract was created, Keisha agreed that Carlos would receive her promise on trust for Mikey.Which of the following statements is TRUE?
A) Because of the trust, Mikey is entitled to enforce Keisha's promise even though he did not provide any consideration.
B) Because Carlos and Keisha agreed to create a trust, their contract is valid even without consideration.
C) Keisha is the trustee of a trust.
D) The facts illustrate the concept of vicarious performance.
E) Carlos is the beneficiary of a trust.
Correct Answer:
Verified
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