Which of the Following Was the Judge's Ruling in Jamil

question 63

Multiple Choice

Which of the following was the judge's ruling in Jamil Blackmon v. Allen Iverson, the case in the text in which the plaintiff alleged that the defendant, a professional athlete, wrongfully failed to pay him a percentage of proceeds received from using the nickname "The Answer" in merchandising although the defendant agreed to do so after the plaintiff suggested the use of the nickname?

• A) That consideration was lacking because the defendant was not bound to use the nickname.
• B) That the defendant's promise to pay was past consideration insufficient to create a binding contract.
• C) That consideration was present and that the defendant was liable to the plaintiff.
• D) That the issue of consideration was irrelevant because consideration was not required in this type of contract.
• E) That the defendant was required to pay the plaintiff only half of the percentage initially offered because a gift situation was involved.

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Definitions:

Open Charge Account

A credit account that allows the account holder to purchase goods or services on credit and pay for them at a later date.

Line of Credit

A credit facility extended by a bank or financial institution to a government, business, or individual, allowing them to borrow up to a predetermined limit.

Price Lining

A pricing strategy where products are sold at a limited number of price points, each representing a different level of quality or features.

Prestige Pricing

A pricing strategy where prices are set higher than normal because the product or service is perceived to be more prestigious or luxurious.