Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Daisy is Pen's sister. Daisy loans Pen $4000 that Pen uses to purchase a car. Before Daisy paid the money to Pen, she had Pen

Daisy is Pen's sister. Daisy loans Pen $4000 that Pen uses to purchase a car. Before Daisy paid the money to Pen, she had Pen sign a written agreement in which Pen agreed to pay back the $4000 on 15 March 2019 plus an additional $400 for interest and the inconvenience to Daisy of not having the $4000 available to her for a whole year. Is this a legally enforceable 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

Business Law Text and Cases

Authors: Kenneth W. Clarkson, Roger Miller, Frank B. Cross

14th edition

978-1305967250, 1305967259, 978-1337514422, 133751442X, 978-1337374491

More Books

Students also viewed these Law questions

Question

Draw a schematic diagram of I.C. engines and name the parts.

Answered: 1 week ago