Not So Rich Uncle

question 73

Multiple Choice

Not So Rich Uncle.Bruce is attempting to convince Sally to marry him.He promises her that if she will marry him,he will buy a new Mercedes automobile for her within six months of the marriage and take her on a world tour within a year of the marriage date.Sally reluctantly agrees,and they sign an agreement by which Bruce agrees to provide the Mercedes and world tour.Bruce and Sally marry on January 1.Unexpectedly,on March 1,Bruce's supposedly rich uncle,Frank,dies.Frank has no living relatives other than Bruce,and Frank's will leaves everything to Bruce,who is also appointed executor.In attempting to settle the estate,Bruce agrees orally to pay out of his own pocket Frank's debts totaling $10,000.Sally is concerned about Bruce's doing so.Bruce tells her not to worry because he will get all the money back when the estate settles.Bruce admits to a number of friends that he agreed to settle the debts out of his own pocket because he needed to obtain assets from the estate in a hurry.The assets were needed in large part to satisfy his obligations to Sally.Surprisingly,it later came to light that prior to his death Frank had signed away all his assets to his girlfriend in Argentina.There was nothing left in the estate for Bruce to inherit.Bruce disavowed his agreement to pay $10,000 to various creditors.Which of the following is true regarding Bruce's promises to Sally of a Mercedes and a trip?

• A)The promises fall within the statute of frauds.
• B)The promises do not fall within the statute of frauds because they involve material matters,not matters involving home and children.
• C)The promise regarding the Mercedes falls within the statute of frauds,but the promise regarding the trip does not.
• D)The promise regarding the trip falls within the statute of frauds,but the promise regarding the Mercedes does not.
• E)The promises would have fallen within the statute of frauds in earlier times in history,but would not fall within the statute of frauds in this day and time.

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Definitions:

Burberry

a British luxury fashion brand known for its distinctive check pattern and high-end products, including clothing, accessories, and fragrances.

Distinctive Plaid

A unique pattern of crisscrossed horizontal and vertical bands in multiple colors.

Prestige Products

High-quality goods or services that convey status and luxury to consumers, often associated with high prices and exclusivity.

Shopping Products

Goods that consumers spend a considerable amount of time and effort in selecting and purchasing, such as clothes, electronics, and furniture.