Aria asks Jessica if she can borrow an outfit for an office party and Jessica agrees.When Aria picks an outfit,Jessica refuses to give it to her.Which of the following statements is true of this situation?
A) Jessica has committed a breach of contract.
B) A bargained-for exchange has not occurred, so Jessica does not have to loan the outfit to Aria.
C) Jessica has promised Aria something of value, so she must loan her the outfit.
D) The contract between Aria and Jessica is terminated as Aria makes a counteroffer.
E) Jessica has given a valid consideration, thereby making the agreement between her and Aria a binding contract.

Question

Quizplus · Accepted Answer

An important part of consideration is that it must be bargained for. In other words, the consideration must be contemporaneous and a part of both parties' understanding of the contract terms. In this scenario, since Aria has not promised anything in return for Jessica, Jessica need not give the outfit to Aria.

Aria Asks Jessica If She Can Borrow an Outfit for an Office