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:

Semi-annual

Occurring twice a year; a term often used in finance to describe payments or interest calculations that happen twice within a year.

Coupon Bond

A type of bond that pays the holder interest at fixed intervals through coupons.

Par Value

The face value of a bond or stock, representing the amount that the issuing company agrees to pay at maturity or the value on which dividend payments are calculated.

Coupon Rate

The interest rate paid by a bond issuer on its nominal value, determining the periodic interest payments to bondholders.