Lou Enters into an Agreement with LaFancy Inc

question 24

Multiple Choice

Lou enters into an agreement with LaFancy Inc., an event management company, to coordinate her wedding in June for the sum of $10,000. In March, Lou calls LaFancy to tell the company the deal is off, because she thinks she can do a better job herself. LaFancy sues Lou, and Lou argues lack of consideration as a defense. Which of the following statements holds true of this scenario?

• A) LaFancy has given consideration.
• B) LaFancy had a legal duty to plan Lou's wedding even before the agreement was signed.
• C) Lou can enforce LaFancy's promise to her.
• D) Lou was the only promisor in this contract.

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Definitions:

Proposing Vision

The act of presenting a future-oriented perspective or direction for an organization or group.

Task-Oriented Behavior

A leadership approach focused primarily on the completion of tasks and the achievement of objectives.

Initiating Structure

The act of defining roles, assigning tasks, and establishing clear patterns of organization and communication within a team or organization.

Maintenance Behavior

Actions or activities aimed at preserving the current state of a system, organization, or relationship, ensuring its continuous operation and effectiveness.