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1. Uncle Bill, who is 30, offers a written contract to his 14-year-old nephew, Tom, that if Tom mails Uncle Bill a birthday card every
1. Uncle Bill, who is 30, offers a written contract to his 14-year-old nephew, Tom, that if Tom mails Uncle Bill a birthday card every year for the next two years, Uncle Bill will give Tom $5,000 when Tom turns 17. Tom accepts, they both sign, and Tom sends Uncle Bill a birthday card every year for the next two years. Tom tries to collect his $5,000, and Uncle Bill does not want to pay it. If Uncle Bill tries to avoid payment because he claims there is a lack of consideration, will a court likely enforce Uncle Bill's promise? Assume both parties voluntarily consented to the contract. Options A Yes, because Tom and Uncle Bill both offered something of legaily sufficient value. B No, because Tom did not promise anything of legally sufficient value. C.No, because sending birthday cards is not worth $5,000. D Yes, because Uncle Bill's promise was a gift. In the scenario described in Question 1 above, if Uncle Bill tries to avoid payment because Tom is a minor, will a court likely enforce Uncle Bill's promise? Options A No, because Tom disaffirmed the contract. B No, because Uncle Bill disaffirmed the contract. C Yes, because Uncle Bill ratified the contract. .D. Yes, because Tom never disaffirmed the contract
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