Aria phones Jessica and asks if she can borrow one of her dresses for an office party that weekend. Jessica agrees to this. However, when Aria goes to pick up the dress, 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 Aria the dress.
C) Jessica has promised Aria something of value, so she must loan her the dress.
D) A bargained-for exchange has occurred, so Jessica must loan Aria the dress.
E) Jessica has given a valid consideration, 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. Since Aria has not promised anything in return for Jessica, Jessica need not give the dress to Aria.

Aria Phones Jessica and Asks If She Can Borrow One