The ABC Bakery sold bread and cakes to Peggy's Grocery under an agreement whereby Peggy would not retail the goods for less than the price printed on the wrapper of the products.By their agreement,ABC Bakery would provide Peggy's Grocery with an extra 5 percent discount at the end of each month,based upon the volume sold at the stipulated retail price during the month.
-The agreement is an enforceable agreement between ABC Bakery and Peggy,because ABC Bakery can show consideration in the form of the 5 percent discount for Peggy's promise to sell at a fixed price.
Correct Answer:
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