1) Joy is a customer service representative. Joys supervisor Tom tells Joy that because she was so good at diffusing a customer relations issue last month, he will pay her a $500 bonus. Is Toms promise enforceable?

A) Yes, because Tom is Joys supervisor

B) Yes, since this constitutes promissory estoppel

C) Yes, since this represents a preexisting duty

D) No, since this involves past consideration

E) No, because this is an illusory promise

2) How can parties who are in a dispute over an unliquidated debt settle for less than the full amount?

A) Enter into an accord and satisfaction

B) Propose a counteroffer

C) Factor (sell) the debt to a third party

D) Acknowledge promissory estoppel

E) Acknowledge past consideration

3) With liquidated debt, there is a genuine dispute regarding whether money is owed or the amount of money owed.

True or False

4) Frank is building a home for Debby that under the original contract is to be completed by December 31. Debby found the plans for the home in a publication focusing on unique houses and is excited because it will be the only home of its type in the area. Because he underestimated the time needed for special and unique framing required for Debby's house, Frank tells Debby that he needs to hire additional workers in order to have the home done by that time and that she needs to pay him an extra $10,000. Debby says that she will pay. Frank finishes the home and asks for his $10,000. Debby refuses to pay. What is the likely result if Frank sues? Discuss whether you believe the result is ethical and equitable.