Brandie is facing financial difficulties.Warren wants to help Brandie,and tells her that he will loan her $1,000.Later,Warren refuses to loan the promised money to Brandie.In the context of this scenario,which of the following statements is true?
A) Warren must loan the money to Brandie because a promise is made and consideration has nothing to do with the agreement.
B) Warren need not loan the money to Brandie because Brandie did not promise anything in return.
C) Warren must loan the money to Brandie because he has entered into an implied-in-fact contract by promising her the money.
D) Warren does not have to loan the money to Brandie because of the mirror image rule.
E) Warren must loan the money to Brandie because he has entered into an executory contract by promising her the money.

Question

Quizplus · Accepted Answer

In this scenario, Warren need not loan the promised money to Brandie because Brandie does not promise anything in return. Not all promises are enforceable through legal action. There must be some incentive or inducement for a person's promise or it is not binding. The legal mechanism for evaluating the existence of this incentive is consideration, the receipt of a legal benefit or the suffering of a legal detriment.

Brandie Is Facing Financial Difficulties