A Contract Contains the Provision, "Walter Hamilton Promises to Pay

question 40

Multiple Choice

A contract contains the provision, "Walter Hamilton promises to pay Faye Weeks $1,200 for a 2005 V­6 motor provided that Phelps' Garage approves the quality of the motor." This provision:

• A)makes the contract unenforceable since Walter's promise is illusory.
• B)creates an express condition which must be met before Walter's duty to pay arises.
• C)cannot create an express condition because it lacks the necessary words "on condition that."
• D)cannot be valid since it makes Walter's duty to pay dependent upon the opinion of a third party.

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Protection or guarantee by the federal government for deposits in banks or investments, safeguarding against loss.

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Individuals or entities that hold debt securities issued by corporations or governments, entitling them to interest payments and the principal investment return at maturity.

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