Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Claire writes a note to Dolly stating I promise to give you $20,000. Dolly accepts the note, but gives nothing in return for Claire's promise.

image text in transcribed
Claire writes a note to Dolly stating "I promise to give you $20,000." Dolly accepts the note, but gives nothing in return for Claire's promise. When Dolly tries to collect on the note, Claire refuses to pay. A court will not enforce this promise based on what defense? O a. Lack of consideration b. Breach of contract O c. Previous payment of the instrument Od. Mental incapacity

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

Budgeting And Financial Management For Nonprofit Organizations Using Money To Drive Mission Success

Authors: Lynne A. Weikart, Greg G. Chen, Edward M. Sermier

1st Edition

1608716937, 978-1608716937

More Books

Students also viewed these Accounting questions