With Regard Only to the Requirement of Consideration, Which One

question 115

Multiple Choice

With regard only to the requirement of consideration, which one of the following would be a binding contract?

• A)An agreement between a contractor and a home owner that the home owner will pay an additional $1000 if the contractor completes the existing contract according to all its terms
• B)A promise by Tom to drive a co-worker to Timmins, Ontario
• C)A promise to give $10 exchanged for a promise to give a can of pop
• D)A written promise, but not under seal, to give John $50 on Saturday
• E)A promise by Mr.Brent to pay $25 to John, who found and returned Brent's wallet, which Brent didn't even know he had lost until John delivered it

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Definitions:

Important Question

A significant or critical inquiry that requires attention or resolution.

Order Acknowledgement

A formal confirmation sent by a seller to the buyer confirming the receipt and acceptance of an order, detailing the items purchased and the expected delivery.

Promotional Material

Marketing or advertising content designed to promote a product, service, event, or organization to a targeted audience.

Vague Order

Instructions or directions that lack clarity and precision, leading to uncertainty and potential confusion about what is required or expected.