Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Consideration: Rule: Consideration requires a bargained- for-exchange and legal value. Analysis: Legal value requires a promise, performance and or a promise to refrain from doing

image text in transcribed
Consideration: Rule: Consideration requires a bargained- for-exchange and legal value. Analysis: Legal value requires a promise, performance and or a promise to refrain from doing something that a person has a legal right to do. There is a performance of an action that one is not to obligated to undertake if Jill paints Jack's window. Furthermore, Jack is also promising to do something that he does not have a prior legal duty to do. This is because there is nothing obliging him to offer Jill fifty dollars to paint \"Grand lie-Opening\" on Jack's window. Abargained for exchange needs an item of value to begin or promised by the promiser in return for the performance. An item of value is being given or promised by the promiser because Jaci-r promised to pay Jill fty dollars if she paints the requested saying on Jack's window during the weekend. Jack's promise is given in return for the promisee's promise because if and or when Jil begins to paint the message on Jack's vrdndowa she is accepting his primes of fifty dollars and that will be sa'dsfying her part of the exchange. Therefore there is consideration. Conclusion: Based on the analysis, Jill intends to enter in an unilateral contract with Jack

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

Medical Law

Authors: Jo Samanta Ash Samanta

2nd Edition

1137486589, 978-1137486585

More Books

Students also viewed these Law questions