Benson tells his son,Charles,that he will sell him his Bentley for $200 when he turns 18.On his 18ᵗʰ birthday,Charles brings his father $200,but Benson refuses to hand over the keys,arguing that,no matter what he said,a Bentley is worth more than $200.Which of the following statements is true?
A) The contract was never made because there wasn't adequate consideration.
B) The contract was never made because any agreement between relatives is just a gratuitous promise.
C) The contract was created because the consideration is sufficient.
D) The peppercorn theory allows Benson to demand any amount for the Bentley even though he offered it for $200.
E) The contract was never created because there was never an exchange of value.
Correct Answer:
Verified
Q42: The contractual rule that requires an exchange
Q47: The employment exception to the privity doctrine
A)was
Q48: Carlos entered into a contract with Keisha.He
Q49: Which of the following refers to a
Q50: Sentinel Safety Inc entered into a contract
Q51: As a result of her participation in
Q53: The decision in London Drugs Ltd v
Q55: Herman is owed money from Victoria and
Q56: Jan's aunt writes a letter to Jan,offering
Q57: Yusheng sends Pierre a cheque for $100
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