Read the Following and Indicate Which Agreement Would Not Be

question 154

Multiple Choice

Read the following and indicate which agreement would not be a binding contract because of a problem with the requirement of consideration. Assume all the other requirements for a binding contract have been met.

• A) Mary promised in writing and under seal to give Planned Parenthood a donation of $100.
• B) John, late for work, found his car battery was dead. He flagged down a passing truck and told the driver he would pay him $8 if he would agree to do him the favour of jump-starting the car. The driver of the truck agreed.
• C) Mr. Kooner sold a farm valued at $190,000 to his nephew for only $50,000.
• D) Len agreed to sell and Karen agreed to buy four of Len's records for "some money."
• E) Peter agreed to pay Ace Computers Ltd. $50 above the contract price if the company would have his new computer ready ten days earlier than the date specified in the original contract.

---

Definitions:

Social Organization

The order established in social groups.

Industrial Societies

Societies characterized by a reliance on mechanized labor to create goods, leading to high levels of urbanization and complex social structures.

Predictability

The ability to accurately forecast future events or trends based on current or past data.

Social Institutions

Organized structures and systems in society that dictate certain patterns of behavior and relationships, such as family, education, religion, and economy.