Use the Fact Situation in Q23 to Answer the Related

question 29

Multiple Choice

Use the fact situation in Q23 to answer the related question that follows. Review the fact situation above and now assume that instead of simply promising to pay B an extra $5000.00,A says,"I'll pay you an extra $5000.00 if you fix that cracked board in my fence.Also assume that B completes the job by September 1 and fixes the cracked board.
In this situation,

• A)there is still no fresh consideration from B,so A does not owe the extra $5000.00.
• B)since B completed the contract on September 1st,B is only entitled to the original price of $60 000.00.
• C)the contract did not change on June 2,so A does not owe the extra $5000.00.
• D)the promise to fix the cracked board and the fixing of it is fresh consideration and B is entitled to the extra $5000.00.
• E)the promise to fix the cracked board and the fixing of it was a gratuitous promise so B is not entitled to the extra $5000.00.

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Definitions:

Global Warming

Global warming is the long-term rise in Earth's average surface temperature, primarily due to human activities like burning fossil fuels, leading to climate change.

Global Temperatures

A measure of the average temperature of the Earth's surface, which has been increasing due to factors like greenhouse gas emissions.

Ceteris Paribus

A Latin phrase meaning "all other things being equal," used in economics to analyze the effect of one variable on another while holding everything else constant.

Variables

Elements, features, or factors that are likely to vary or change.