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.

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Definitions:

Eucharist

A Christian sacrament commemorating the Last Supper, in which bread and wine are consecrated and consumed to symbolize the body and blood of Jesus Christ, celebrated across various denominations.

Sacraments

Religious rites recognized as of particular importance and significance in Christian churches, typically involving a physical and spiritual symbolic act.

High Renaissance

A period in European art history, roughly from the late 15th to early 16th century, characterized by an emphasis on harmony, balance, and realism, and exemplified by artists like Leonardo da Vinci, Michelangelo, and Raphael.

Medieval Period

A historical era in Europe spanning roughly from the 5th to the late 15th century, characterized by feudalism, the rise of Christianity, and the first universities.