In January,Alex Promised to Pay Y-K Inc

question 30

Multiple Choice

In January,Alex promised to pay Y-K Inc.$5,000 if it would refrain from filing suit against him on a breach of contract action.Y-K agreed and accepted a $5,000 check from Alex.Which of the following statements is correct?

• A)Y-K's promise to refrain from suing Alex was not supported by legal consideration.
• B)Y-K's promise to refrain from suing Alex was supported by legal consideration and is enforceable.
• C)This is an accord and satisfaction,and Y-K cannot sue.
• D)The courts would apply promissory estoppel in this situation.

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Definitions:

Enterprise Social Networks

Online platforms that enable employees within an organization to collaborate, share information, and strengthen professional relationships.

Collaboration

The action of working with someone to produce or create something.

Semantic Confusion

Misunderstandings or misinterpretations that occur due to the ambiguous meanings of words or phrases in communication.

Being Judgmental

The tendency to make quick opinions or evaluations about people or situations, often without full understanding or empathy.