Assume That All Other Requirements for a Valid Contract Are

question 53

Multiple Choice

Assume that all other requirements for a valid contract are present and indicate which of the following would not be a binding agreement because of a problem with consideration.

• A)Laura promises to pay a carpenter,who is renovating the living room of her home,an additional $100 if he will install an extra cabinet to store her files.
• B)Smith sold a valuable watch to Sarah for only $1.
• C)John tells his neighbour,Eric,that he will give him $30 to show his gratitude for Eric's extraordinary work for Little League.
• D)Mr.N promises to give $50 to the cystic fibrosis society and makes that promise under seal.
• E)Jones agrees to accept $80 as full payment of a $100 debt if Kahn,the debtor,agrees to pay the $80 a week before the due date.

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Definitions:

Baby Blues

A common, temporary psychological state of sadness, anxiety, or mood swings experienced by new mothers shortly after childbirth.

Respiratory Distress Syndrome

A medical condition often occurring in premature infants, characterized by difficulty breathing due to underdeveloped lungs.

Teratogens

Factors or agents responsible for causing congenital defects or developmental problems in an embryo or fetus.

Preterm Infants

Babies born before 37 weeks of gestation, often facing various health challenges due to underdevelopment.