Fred Owed a Debt of $10 000 to Regina

question 18

Multiple Choice

Fred owed a debt of $10 000 to Regina.Because he had lost his job and was experiencing financial difficulties, he hoped that she would take pity on him and would not insist upon payment.Fred therefore said to Tyra, who was Regina's colleague, "If you can get her to drop the matter, I'll make it worth your while." Tyra felt sorry for Fred and said that she would do her best.A week later, she called Fred and explained that Regina had agreed under seal to forgive the $10 000 debt.Fred replied by saying, "Many thanks.Come by my house and I'll pay you $500 for your effort." Which of the following statements is most likely to be TRUE?

• A)Although Regina is no longer entitled to receive $10 000 from Fred, she can still recover a reasonable amount from him.
• B)Regina can still recover $10 000 from Fred because he did not use his own seal.
• C)Tyra would not be entitled to any payment from Fred if he did not state the specific amount of $500.
• D)The agreement between Tyra and Fred is enforceable because Fred's promise to pay $500 is past consideration.
• E)Regina cannot sue under the agreement that was created between Tyra and Fred as she was not privy to that agreement.

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Definitions:

Functional Group

A specific group of atoms within a molecule that is responsible for a characteristic chemical reaction of that molecule.

Chemical Properties

Characteristics of a substance that become evident during a chemical reaction, revealing the composition of the substance and how it reacts under certain conditions.

Organic Molecules

Compounds containing carbon atoms bonded to hydrogen atoms, often along with other elements, that are the basis of life on Earth.

Cellulose

Cellulose is a complex carbohydrate that serves as a primary structural component of plant cell walls, providing rigidity and resistance to mechanical stress.