Numeric Methods Corporation promises to give stock options to Orin,a project schedule manager,for projects that have already been completed ahead of schedule.This promise is

Question

Quizplus · Accepted Answer

The promise is unenforceable because it is based on past consideration, which is not valid consideration for a new contract. Consideration must be something of value exchanged between the parties at the time of the agreement, not something that has already been completed.

Numeric Methods Corporation Promises to Give Stock Options to Orin,a