Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cheryl Parker loaned her daughter, Kaylee, $2,000 to for a down payment on a car. Cheryl used Venmo to send the cash to Kaylee. Later

Cheryl Parker loaned her daughter, Kaylee, $2,000 to for a down payment on a car. Cheryl used Venmo to send the cash to Kaylee. Later that same day Kaylee called from the dealership, stating that she had not accounted for extra fees and need to borrow $500 more. Reluctantly, Cheryl made the Venmo transaction. After several weeks, Kaylee had not made any attempt to start repaying her mother. Cheryl gave her daughter an ultimatum: that she repay the money within the next month, or Cheryl would file a lawsuit over the loan. Did a contract exist? Explain your rationale

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_2

Step: 3

blur-text-image_3

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

Basic Contract Law For Paralegals

Authors: Jeffrey A Helewitz

10th Edition

1543839533, 978-1543839531

More Books

Students also viewed these Law questions

Question

=+b) What is the minimin choice?

Answered: 1 week ago