Carlos Entered into a Contract with Keisha

question 60

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)Carlos is the beneficiary of a trust.
• 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)Mikey is entitled to enforce Keisha's promise even though he did not provide any consideration as he is the beneficiary of a trust.

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Definitions:

Retrieval

Getting information that is in storage into a form that can be used.

Biology Concepts

Fundamental principles and ideas in the study of living organisms, including cell structure, genetics, evolution, and ecology.

Long-Term Memory

A type of memory capable of storing information for an extended period, potentially for a lifetime, encompassing facts, experiences, and skills.

Organization

An arranged group or structure of people working towards a common goal, often formalized with specific roles and responsibilities.