Tim Sent an Email to Belinda Offering to Sell His

question 25

Multiple Choice

Tim sent an email to Belinda offering to sell his car to her for $5,000.Belinda texted Tim back offering to pay $4,000 for the car.A valid contract did not exist because

• A)Belinda should have accepted Tim's offer orally.
• B)consideration was not present in the negotiations.
• C)the contract was not for a lawful purpose.
• D)Belinda did not accept Tim's offer;she is still negotiating.

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Definitions:

Illegal Contract

An agreement between parties that is prohibited by law or violates legal statutes, making it unenforceable.

Breach

To violate a law, by an act or an omission, or to break a legal obligation that one owes to another person or to society.

Illegal Contract

An agreement that is either unlawful in nature or made with the purpose of undertaking an illegal act, and thus, is not enforceable by law.

Executory

Pertaining to contracts or agreements that are not yet fully performed or completed by all involved parties.