On May 1, 1999; Alex promises to sell his bike to Jerry for $400 on May 20, 1999. On May 10, due to an emergency, Jerry offers to pay $900, if Alex can sell his bike on May 11. Alex sells his bike on May 11, but Jerry refuses to pay $900 in return, to which Alex files suit in the court on May 15, 2005. The court dismisses the case due to which of the following reasons?
A) Running of statute of limitations
B) Voidable duties
C) Promissory estoppels
D) Alleged breach of contract
E) Moral obligation
Correct Answer:
Verified
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