There Is an Existing Contract Calling for Seller to Deliver

question 20

Multiple Choice

There is an existing contract calling for Seller to deliver 1,000 widgets to Buyer.Buyer says to Seller,"I would like to buy 100 additional units at the same price." Seller responds,"We promise to sell you the 100 extra units if we decide not to sell them to other customers." Regarding only the sale of the extra 100 units:

• A)There is no consideration due to an illusory promise.
• B)There is no consideration due to a preexisting duty.
• C)There is no consideration due to a past consideration.
• D)There is consideration due to promissory estoppel.
• E)There is consideration due to a legal detriment on both sides.

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Definitions:

Propositional Statement

A statement that expresses an idea or assertion that can be evaluated as true or false.

Unique Timing

The specific and individualized timing for actions or interventions that considers the most appropriate moment based on context and circumstances.

Dynamic Flow

The continuous movement and change in systems or processes, characterized by variations and interactions within the system.

Attuning

The process of becoming sensitive to, aware of, or in harmony with another person, entity, or environment.