Carlos Entered into a Contract with Keisha

question 21

Multiple Choice

Carlos entered into a contract with Keisha.He promised to design a computer system for her business and she promised to pay $50 000 to his brother, Mikey.When that contract was created, Keisha agreed that Carlos would receive her promise on trust for Mikey.Which of the following statements is TRUE?

• A)Because of the trust, Mikey is entitled to enforce Keisha's promise even though he did not provide any consideration.
• B)Because Carlos and Keisha agreed to create a trust, their contract is valid even without consideration.
• C)Keisha is the trustee of a trust.
• D)The facts illustrate the concept of vicarious performance.
• E)Carlos is the beneficiary of a trust.

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Definitions:

Harmful

Causing or capable of causing damage or injury; detrimental to physical health, mental well-being, or the environment.

Solidary Incentives

Rewards that motivate people to join or participate in a group or activity for the sake of fellowship and companionship.

Virtual Currency

Digital representations of value that can be digitally traded and function as a medium of exchange, unit of account, or store of value, but do not have legal tender status in any jurisdiction.

Partisanship

The strong support for a specific political party or agenda, often leading to a reluctance to compromise with political opponents.