Because he was in love with her,Noriel promised to sell his car to Marina for $500 and Marina agreed to pay $500 for the car.At the time of that agreement,Marina stressed that the deal was purely commercial and made it clear that she did not share Noriel's hopes for an intimate relationship.Before the sale was performed,Noriel fell in love with another woman,Valerie.He therefore now refuses to transfer the car to Marina.The actual market value of the car is $7500.Which of the following statements is TRUE?
A) Marina cannot enforce Noriel's promise because her promise did not provide adequate consideration.
B) Marina cannot enforce Noriel's promise to transfer the car because that promise was only supported by past consideration-it was based on the fact that Noriel was previously in love with Marina.
C) Marina cannot enforce Noriel's promise because love and affection are not good consideration.
D) Marina can enforce Noriel's promise to transfer the car,but only if she pays the actual market value of the car.
E) Noriel and Marina exchanged consideration even though he has not transferred the car to her and she has not paid the money to him as they exchanged mutual promises.
Correct Answer:
Verified
Q2: Epsilon Inc and Delta Ltd entered into
Q3: A statutory assignment involves three parties: the
Q4: Patricia and Charlie entered into a written
Q4: Dina threatened to sue Chris for $25
Q5: Luke threatened to sue Leia for $50
Q6: Past consideration does not satisfy the requirement
Q7: As a wedding anniversary present for himself
Q8: A gratuitous promise is generally not enforceable.
Q10: An assignment can only be created by
Q18: Zeta Corp was contractually obliged to pay
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