Sarah was an orphan.Her uncle Rocco agreed to act as her guardian until she became an adult.In that role,he borrowed money to pay for her education.She promised to repay him when she became an adult.Sarah later became an adult and married Stepan.Stepan also promised to repay Rocco for the money that he had spent on Sarah's education.Sarah and Stepan,however,now refuse to pay the money.Rocco has sued Stepan on his promise.Which of the following statements is most likely TRUE?
A) Sarah and Stepan and jointly and severally liable to Rocco.
B) Stepan has privity to the contract that was created between Sarah and Rocco.
C) Stepan is liable to Rocco.
D) Sarah became liable to Rocco only after Stepan made his promise to Rocco.
E) Stepan's promise to Rocco involves the concept of past consideration and is likely enforceable.
Correct Answer:
Verified
Q31: Dunlop sold tires to Mew.The parties' contract
Q32: Which of the following situations illustrates a
Q33: Bentley Inc operates a sporting goods store.In
Q34: Which of the following situations most likely
Q34: Rande promised to provide a series of
Q36: Which of the following explains why the
Q37: Maria went on vacation in May.She expected
Q38: JB Inc sold a piece of equipment
Q39: Bruce and Rosie entered into an agreement.He
Q40: Which of the following statements is TRUE?
A)As
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