Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Law Express Constitutional And Administrative Law

Authors: Chris Taylor

6th Edition

1292210109, 978-1292210100

More Books

Students also viewed these Law questions

Question

What factors contribute to distortions in memory?

Answered: 1 week ago

Question

14. Now reconcile what you answered to problem 15 with problem 13.

Answered: 1 week ago