Fred Owed a Debt of $10 000 to Regina

question 37

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 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.

---

Definitions:

Chinese Immigrants

Individuals from China who have migrated to another country, with significant waves occurring during the 19th and early 20th centuries, often facing various challenges and discrimination.

Transcontinental Railroad

First line across the continent from Omaha, Nebraska, to Sacramento, California, established in 1869 with the linkage of the Union Pacific and Central Pacific railroads at Promontory, Utah.

Assimilation Levels

describe the degree to which a minority group has adopted the cultural norms and values of the dominant society.

Aboriginals

Indigenous peoples native to a land or region, especially referring to the First Nations, Inuit, and Métis peoples of Canada.