Laetitia Agreed to Provide Certain Services to Hans in Exchange

question 3

Multiple Choice

Laetitia agreed to provide certain services to Hans in exchange for a payment of $10 000.Although Laetitia fully performed her side of the agreement, Hans refuses to pay anything.He insists that Laetitia does not have a right to sue for breach of contract because, in performing the services, she was merely doing something that she had become obliged to do even before she entered into her agreement with Hans.Hans's position is correct if Laetitia's pre-existing obligation was

• A)some type of public duty.
• B)supported by a seal rather than by consideration.
• C)a private obligation owed to a third party.
• D)for some reason unenforceable.
• E)subject to a quantum meruit.

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Definitions:

Tax Credit

A direct reduction in tax liability, not merely a reduction in taxable income, that decreases the total tax bill directly.

Interest Rate

The cost of borrowing money or the return on saving, expressed as a percentage of the amount borrowed or saved.

Exchange Rate

The value of one currency for the purpose of conversion to another, indicating how much of one currency can be exchanged for another.

Demand For Loanable Funds

The desire for borrowing money, driven by individuals, businesses, and governments, influenced by interest rates and economic conditions.