There Is an Existing Contract Calling for Seller to Deliver

question 129

Multiple Choice

There is an existing contract calling for Seller to deliver 1,000 widgets to Buyer.Buyer says to Seller,"I would like to buy 100 additional units at the same price." Seller responds,"We promise to sell you the 100 extra units if we decide not to sell them to other customers." What is true regarding only the sale of the extra 100 units?

• A) There is no consideration due to an illusory promise.
• B) There is no consideration due to a preexisting duty.
• C) There is no consideration due to a past consideration.
• D) There is consideration due to promissory estoppel.
• E) There is consideration due to a legal detriment on both sides.

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Definitions:

Free Meals

Complimentary food offerings provided by an establishment, often as a part of a promotional deal or as a benefit of service.

Functional Needs

The practical or utilitarian requirements that a product or service must satisfy for the consumer, such as durability, convenience, and efficiency.

Retain Loyal Customers

Strategies or practices aimed at keeping customers who repeatedly buy or use a brand's products or services.

Profit Margins

The percentage of revenue that remains as profit after all expenses have been deducted from total sales.