Read the Following and Indicate Which Agreement Would Not Be

question 49

Multiple Choice

Read the following and indicate which agreement would not be a binding contract because of a problem with the requirement of consideration. Assume all the other requirements for a binding contract have been met.

• A) Mr. Kooner sold a farm valued at $190,000 to his nephew for only $50,000.
• B) Peter agreed to pay Ace Computers Ltd. $50 above the contract price if the company would have his new computer ready ten days earlier than the date specified in the original contract.
• C) John, late for work, found his car battery was dead. He flagged down a passing truck and told the driver he would pay him $8 if he would agree to do him the favour of jump-starting the car. The driver of the truck agreed.
• D) Len agreed to sell and Karen agreed to buy four of Len's records for "some money."
• E) Mary promised in writing and under seal to give Planned Parenthood a donation of $100.

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Definitions:

Resultant Strategic Decisions

Decisions made at a strategic level as a result of analyzing data and insights, influencing the direction of an organization.

Key Aspects

The most important, critical, or essential parts or features of something.

E-commerce

The buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet.

Social Commerce

The delivery of electronic commerce activities and transactions through social computing.